Harvard suddenly ‘exploring’ issuing $1.65 billion in bonds, suggesting donor falloff is really pinching its finances

American Thinker ^ | 02/28/2024 | Thomas Lifson

[EEGator]

Amazing that the “brightest people” with the best connections would get themselves into that situation though.

[Gaffer]

Indeed. It is nonsense they are financially strapped.

[PeterPrinciple]

Moreover, the income from that endowment is already committed to finance ongoing financial obligations, such as the salaries for DEI bureaucrats, so selling assets to make up for the falloff in donations creates longer term problems.

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they are committed to self destruction.

[PeterPrinciple]

The Financial Overview offers a clue:

[T]he 2.9% return on the endowment this year is below our long-term target return of 8%.

[EEGator]

8%, do they think they’re China?

We were just discussing your screen name on another thread.
“You” are not true anymore as minorities climb multiple iterations above their competency level.

[PeterPrinciple]

as minorities climb multiple iterations above their competency level.

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Principle still true, velocity just increasing.

[PeterPrinciple]

The Peter Principle is a theory with many details still being worked out.

https://en.wikipedia.org/wiki/Peter_principle

While incompetence is merely a barrier to further promotion, “super-incompetence” is grounds for dismissal,

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Hopefully what you may be seeing super incompetence.

[EEGator]

I disagree. The principle is one iteration above competency level.(right?)
I’m talking VP positions for incompetent middle managers.

[EEGator]

I replied before I saw this.