There’s some strange things goin on right now on which I’d like to briefly opine. I must also add that while I’ll be continuing to write for Insider, my presence on this blog will likely diminish over the course of the next few months as I personally have to re-evaluate my time commitments and priorities. My...
Tag: Cornell Budget
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Skorton on Cuomo’s Budget Cuts: ‘Real and Adverse’
President David Skorton spoke about the State of New York’s academic budget cuts yesterday, saying the University will play its role to help the state regain its financial footing. “We are prepared to do our part for the good of our state,” said Skorton in a press release. “The cuts necessitated by the budget proposal...
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University Pulls Endowment From Investigated Hedge Fund
Cornell’s $4.4 billion endowment is moving. The University has requested redemption from hedge fund Level Global Advisors, Fox Business Network reported yesterday. The move to withdraw the investment comes after the Greenwich, CT based hedge fund was searched and raided as part of the SEC’s ongoing insider-trading investigation that began last month. Level Global claims...
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Cornell’s CIO 2nd-Lowest Earner in Ivy League
As pointed out in today’s correction in the Daily Sun, Cornell’s ex-Chief Investment Officer received a $420,000 bonus in the 2008 tax year, meaning the ‘incentive compensation’ was presumably awarded to reflect the 19.9% endowment increase under James Walsh in 2007. Walsh’s total income – including deferred payments – of $871,680 was indeed as the...
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Monday Reading Madness #36
– A disappointing weekend for Cornell sports, with both hockey and basketball going 1-1. – Elie has a cool illustrated post on Cornell Law School selectivity. – The “New Budget Model” via METAezra. – Did anyone run into ‘Deadheads’ over the weekend? – Cornell women’s ice hockey standout Rebecca Johnston had three assists in Canada’s 18-0 rout...