Can Harvard Turn Things Around?

Oh, how times have changed. Back in May 2008, Massachusetts was contemplating an excise tax on university endowments. This proposed tax law change would have imposed a 2.5% annual assessment on Massachusetts colleges with endowments over $1 billion. (Cough cough, Harvard.)
Alas, Harvard doesn’t need any help from the government when it comes to dissipating its endowment. For the fiscal year ended in June, it’s looking at a decline in its endowment of about 30 percent.
The university — home to the legendary Harvard Law School, arguably the nation’s finest law school — isn’t taking these losses sitting down. Instead, it’s bringing in new talent to help manage its money.
Read more, and discuss, over at Dealbreaker.
He Was Wearing My Harvard Tie. Can You Believe It? [Dealbreaker]

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