Will Poor Spend Management Be The End of Harvard?
Sourcing Innovation (Free subscription) | 10/24/2009
Back in August, after reading Nina Munk's Hard Times at Harvard article in Vanity Fair, I asked if Poor Spend Management Will Be The End of the Ivy League after Harvard's endowment lost a whopping 8 Billion in the first four months of its last finical year. This amount, which is greater than the entire endowment of Columbia University (at 7.1 Billion) put Harvard in dire straits, especially...