Yale University & the Age of Diminishing Endowments

A Wall Street Journal interview with Richard Levin, president of Yale University. It's focused at first on the effect of diminished endowments on rich school's resource and budget planning. It also covers a lot of ground regarding the history of Yale's relationship with the city of New Haven.

"We had a run that was historically unprecedented, and at the tail end of that it looked like we were getting too rich," Mr. Levin says, recalling that members of Congress were then starting to complain about rich private universities' "hoarding" money. "Well, that's quickly been amended," he deadpans."

Read the article here:
http://online.wsj.com/article/SB124425383780391015.html