4 thoughts on “Commie professor from private, endowed university suggests private, endowed universities should spend more on students than they do paying off their hedge fund managers”
For those who can't/won't click the link:
Last year, Yale paid about $480 million to private equity fund managers as compensation — about $137 million in annual management fees, and another $343 million in performance fees, also known as carried interest — to manage about $8 billion, one-third of Yale’s endowment.
In contrast, of the $1 billion the endowment contributed to the university’s operating budget, only $170 million was earmarked for tuition assistance, fellowships and prizes. Private equity fund managers also received more than students at four other endowments I researched: Harvard, the University of Texas, Stanford and Princeton.
1. Oh, for fuck's sake.
2. Next time my alma mater asks for money I'll ask them if this crap is going on there too. After all the tuition increases that Berkeley students have been hit with in recent years, it fucking better not be happening there.
Thanks. Should've posted a few highlights myself, and will do so in the future. The comments are amusing as well: People say brilliant things like, "Well, it's a private university so why should they be required to do anything?"
They said the UC system used to be California funded, then California assisted. Now they say it's California…located.
The head of my dept at SJSU just quit. I'm only an adjunct. I keep doing it because a. I love my subject b. There are a few great students every year c. Online journal access.
For those who can't/won't click the link:
1. Oh, for fuck's sake.
2. Next time my alma mater asks for money I'll ask them if this crap is going on there too. After all the tuition increases that Berkeley students have been hit with in recent years, it fucking better not be happening there.
3. See #1.
Thanks. Should've posted a few highlights myself, and will do so in the future. The comments are amusing as well: People say brilliant things like, "Well, it's a private university so why should they be required to do anything?"
People leaving such comments do not deserve a higher education.
They said the UC system used to be California funded, then California assisted. Now they say it's California…located.
The head of my dept at SJSU just quit. I'm only an adjunct. I keep doing it because a. I love my subject b. There are a few great students every year c. Online journal access.