July 23, 2009
– Comments (5)
Harvard in in a pickle. Click here for the story.
Correction: Harvard is in a pickle.
Why am I up this late? Goodnight!
And the most interesting this is who was that idiot that gave Harward this 30-billion endowment for what what was essentially a huge real estate operation and clearly had nothing to do with science.
Interesting and sad, I know that there are other similar stories out there for lesser known colleges. Of course, I've always thought the primary purpose of universities should be education and not entertainment. Provide a pleasant environment for learning, not a luxury experience. Somehow I feel that cutting the free coffee is a futile gesture, which probably is bad for morale. Also who has ever heard of a college administration cutting their salaries to keep the grounds crew employed or the faculty well staffed! We can hope Harvard will survive this calamity and will go back to the original intent of its founders: education.
#2: Uh, no single person gave to the endownment. It's made by many alumni and etc. usually. Secondally, a lot of the value of the endowment was from it's investment operations by the money managers of the endownment.
And seriously though people. Harvard may be in a pickle, but it is still the richest university out there. It's financial situation is affected by the business cycle just like everyone else (and because of everyone else).
Most universities would like to have Harvard's $24B pickle: Harvard will “have to reshape and reset to being more like a $24 billion university than a $36 billion university,” President Drew Faust
Here's an Ivy League school that is filling student's brains with what? These are the ones teaching, preparing people for the real world. Give me a break. With all their tenured professors and elite minds, collectively they are not able to keep their own ship afloat.
Like most colleges out there, this one is just a processing plant. Students pay alot of money to be brainwashed. Employers think their getting the cream of the crop when the students come out the other end with their shiny new diplomas.
It's a club that you buy into. Credentials for sale. You just have to do your time. But only the "best" students can get in. What a farce.