C-SocPhil endowments report on Bloomberg TV
Humphreys quoted on Dartmouth trustee conflicts of interest.
Bloomberg Businessweek’s Roben Farzad talks with Matt Miller and Carol Massar about how Harvard University, the richest U.S. college, and five of its New England peers succumbed to Wall Street’s influence on investment strategies, took on too much risk and made the financial crisis worse, according to a report by Tellus Institute.
Highlights:
Miller: I love the quote from Joshua Humphreys, who’s the lead author of the report the story’s based on: “Can you imagine the investment committee meetings at Dartmouth? Basically, half the room has to leave, including the chair of the investment committee.”
[Awkward laughter]
Mossar: Wild!
Farzad’s conclusion: “There’s a lot of soul-searching to do here in academia.”
Full video here: http://www.bloomberg.com/video/60276066/
