“As a result of those moves and stepped-up fund-raising, the endowment grew to $608 million before the stock market collapse. (The last formal measure valued the endowment last June at $532 million.) In 2008, the college achieved a balanced operating budget for the first time in decades.”
This speaks volumes to Campbell’s intelligent management of the endowment and the budget. If the endowment was only off 12% or so in the timeframe they speak of, well, that was exemplary performance. I suspect it was heab=vily weighted towards fixed income to align the endowment payouts with the budgetted needs of the school. Bravo, Mr. Campbell.
DIBS – I’m disappointed, but I’m also not personally facing a death threat so I won’t presume to tell them how to react. I like to think that I would react differently.
I wrote a paper on the founding of the Cooper Union a while back for grad school. Fascinating stuff. Especially when you compare its beginnings to what it’s become. (Oh, and the fact that Cooper had almost no formal education himself… this was a major motivation that pushed him forward with the establishment of the Cooper Union — even though he was faced with a million setbacks and distractions in the rest of his business life)
Next time South Park makes fun of Jews, I am gonna create some website and threaten them too. Oh wait, they make fun of Jews like every episode.
“As a result of those moves and stepped-up fund-raising, the endowment grew to $608 million before the stock market collapse. (The last formal measure valued the endowment last June at $532 million.) In 2008, the college achieved a balanced operating budget for the first time in decades.”
This speaks volumes to Campbell’s intelligent management of the endowment and the budget. If the endowment was only off 12% or so in the timeframe they speak of, well, that was exemplary performance. I suspect it was heab=vily weighted towards fixed income to align the endowment payouts with the budgetted needs of the school. Bravo, Mr. Campbell.
But those glasses are a bit much!!!
VERY VERY true statement DH!
DIBS – I’m disappointed, but I’m also not personally facing a death threat so I won’t presume to tell them how to react. I like to think that I would react differently.
the less hair someone has ‘down there’ the more likely someone is to stick their face in it.
Speaking of Cooper Union:
George Campbell, Jr. is retiring:
http://bk.ly/rqh
http://bk.ly/rqg
Speaking of South park, lechacal, what do you think about them self-censoring because some low life Muslim terrorists threatened them….
http://tv.yahoo.com/south-park/show/492/news/tv-news.en.reuters.com/tv-news.en.reuters.com-20100422-us_southpark_muslims
Oh, and Peter Cooper loved anal. 🙂
I wrote a paper on the founding of the Cooper Union a while back for grad school. Fascinating stuff. Especially when you compare its beginnings to what it’s become. (Oh, and the fact that Cooper had almost no formal education himself… this was a major motivation that pushed him forward with the establishment of the Cooper Union — even though he was faced with a million setbacks and distractions in the rest of his business life)