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A university president makes a case against cowardice

(www.newyorker.com)
450 points pseudolus | 3 comments | 03 Apr 25 12:29 UTC | HN request time: 0s | source
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rtkwe ◴[04 Apr 25 11:43 UTC] No.43580833[source]▶
Harvard's rolling over was particularly annoying, they have a 52 billion dollar endowment! If any university could afford to make a stand and lose funding over it it's Harvard. What's the point of this massive pile of money if you never dip into it in exceptional circumstances?
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pclmulqdq ◴[04 Apr 25 11:56 UTC] No.43580963[source]▶
Harvard is a hedge fund that happens to do some education and research as a tax-advantaged side gig.
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1. xdavidliu ◴[04 Apr 25 17:33 UTC] No.43585496[source]▶
who gets to withdraw that money?
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2. rtkwe ◴[04 Apr 25 17:50 UTC] No.43585679[source]▶
The university uses it for salaries, financial aid and other operations.
replies(1): >>43585800 #
3. ◴[04 Apr 25 18:00 UTC] No.43585800[source]▶