Monday, November 2, 2009

Another day, another Rose update . . .

In case you haven't heard, Harper's weighed in on the mess at Brandeis this month. Luckily I'm a subscriber (the article's not available online), and glanced over the piece last night. The bottom line: Brandeis borrowed to finance its current expansion, while at the same time investing what endowment it had in risky private equity funds. This hardly seems like news - isn't it what everyone assumed? - but now outgoing Brandeis prez Jehuda Reinharz says he's considering suing the magazine, because the figures are wrong, etc., etc. Uh-huh. Good luck with that, Jehuda! Greg Cook has the details, including the requisite huffy internal memo.

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