Brandeis University, America's only nonsectarian institution of higher education sponsored by the Jewish community, has been crushed by Bernie Madoff.
They've lost a lot of money under Bernie and have to make some tough decisions: fire half the staff or sell their famed Rose Art Museum and sell off its collection which was valued at $350 million.
University president Jehuda Reinharz, after 30 percent of the faculty had taken a pay cut, offered up 1% of his $600,000 for the cause. What a mensch.
With all its famous alum, Irving Howe, Thomas Friedman, Christie Hefner and Walt Mossberg all graduated, a reader asks: is raising $13MM each year for the next 6 years to cover their operating expenses that hard to cover?
Source: Daily Beast
Showing posts with label Brandeis Busted By Bernie. Show all posts
Showing posts with label Brandeis Busted By Bernie. Show all posts
Thursday, January 29, 2009
Subscribe to:
Posts (Atom)
