Ivy League Schools Better Be On The Look Out For Malcolm Gladwell
Informative August 20, 2015 growthguided 0
Malcolm Gladwell took to Twitter again Wednesday to speak his mind against Yale pissing a small countries GDP away on endowment fund management to the tune of $480 million dollars(annually). Hold your horses now, many of you elite business men and women out there might regard this massive allocation of cash for fund management as just the cost of doing business, and that might be all fair and well, but there is a bigger concern Gladwell wanted to emphasize to the masses. The more alarming fact of the matter is that Yale only spent $170 million on financial aid for their students, many of which were not raised with a silver spoon, and were there for academic achievement.
Gladwell’s expressive journey starts here….
This seems reasonable. http://t.co/MBkO4NzhnM
— Gladwell (@Gladwell) August 19, 2015
Yale’s endowment spent $480 million paying its hedge fund managers last year and $170 million on its students. — Gladwell (@Gladwell) August 19, 2015
I was going to donate money to Yale. But maybe it makes more sense to mail a check directly to the hedge fund of my choice.
— Gladwell (@Gladwell) August 19, 2015
Why doesn’t Yale spin off its university division and concentrate on its core money management business? — Gladwell (@Gladwell) August 19, 2015
All the Wall Street analysts are in agreement: time for Yale to shed the declining legacy educating business.
— Gladwell (@Gladwell) August 19, 2015
If a hedge fund guy gives millions to the Yale endowment and then gets millions back for managing the same endowment, what is that called? — Gladwell (@Gladwell) August 19, 2015
It’s masturbation. Only with money.
— Gladwell (@Gladwell) August 19, 2015
Tax deductible self-pleasuring. TDSP. I believe that’s the technical term. — Gladwell (@Gladwell) August 19, 2015
Does this mean that if I spend four years at a hedge fund I get a Yale degree?
— Gladwell (@Gladwell) August 19, 2015
Just when you thought his Tweets completely hammered home the point on Wednesday, his fire was still burning brightly as he took to Twitter again Thursday morning.
A fascinating look at how taxpayer subsidies for higher Ed vary by institution. http://t.co/Gfcv9Nu9fV — Gladwell (@Gladwell) August 20, 2015
Total yearly value of taxpayer grants, loans, and tax subsidies per student at a typical community college: $2k to $6k
— Gladwell (@Gladwell) August 20, 2015
Annual per student taxpayer grants and subsidies at a typical state college like Penn State: $9000. — Gladwell (@Gladwell) August 20, 2015
Value of Annual per student taxpayer subsidies at Harvard: $48,000. Yale: $69,000. Princeton: $105,000.
— Gladwell (@Gladwell) August 20, 2015
…and my person favorite
Ivy League students are on the government free lunch program–only the lunch is at Nobu. — Gladwell (@Gladwell) August 20, 2015
If we don’t subsidize Ivy Leaguers now, how will they learn how to ask for a bail out later?
— Gladwell (@Gladwell) August 20, 2015
Creating a sense of entitlement costs way more than you'd think.
— Gladwell (@Gladwell) August 20, 2015
This is not the first, and definitely won’t be the last time that you will hear of Gladwell’s furious opinion on the distribution of wealth at Ivy league schools.
We commend his efforts and applaud the commotion that he as brewed on the topic. His previous rant regarding a $400 million dollar donation to Harvard from John Paulson was just as touching.
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