Even with a $27 billion endowment, Stanford University expects layoffs will be ‘unavoidable’...
You don't have to ask any questions after this...
https://www.cnbc.com/2020/05/29/stanford-president-expects-layoffs-even-with-27-billion-endowment.html
2 replies (most recent on top)
That is like saying somebody with a 401K should not be allowed to collect unemployment. Their endowment is not a spend-it-all-now kind of thing - it is an investment that grows and they spend from that growth. Having said that, they should probably dip into it more than their usual yearly amount.
That's because the liberal elitists who run Stanford need that money for their third homes, yachts and private jets. That's how things work. IBM has "no money" either, but Ginni took a $20M bonus for what amounts to a PBC-4 rating. thats how it works.