[lbo-talk] news from Harvard

Doug Henwood dhenwood at panix.com
Fri Feb 9 06:29:15 PST 2007


[University endowments are weird things - they accumulate, accumulate, to god knows exactly what end. Love the math at the end of this.]

<http://gawker.com/news/harvard/lady-to-run-harvard-235256.php>

Lady To Run Harvard!

In a shocking rejection of a centuries-old Masonic agreement, a woman is expected to be named president of Harvard this weekend, according to the Harvard Crimson. Drew Gilpin Faust will likely be the first woman to run Harvard, which is now surely sending shock waves through Harvard's eight privately-owned men-only finals clubs, those musty hang-outs where the dullest and richest gather to paddle each other. Harvard currently has an endowment of $26 billion, second in non- profit endowments only to Bill and Melinda Gates' foundation. That's enough money to pay the yearly tuition for 858,794 students—more than 500 years of freshmen. (And, apparently, freshwomen!)



More information about the lbo-talk mailing list