Deputy Provost Charles Long, quoted in the Yale Daily News: "Every month, [Chief Investment Officer] David Swensen has to write a check for $100 million to the University. Imagine you're Swensen. What're you going to sell?"
Sunday, April 19, 2009
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Joan cited this article today from 7/22/09 Bloomberg News: "Endowment Losses From Harvard to Yale Leave Universities Poorer".
ReplyDeletePresident Levin seems to be planning a “second round” of cuts this year, including “centralization of back office operations”. And this line made me pause: “The University of California issued ‘a declaration of extreme financial emergency’”