David Swensen, head of Yale’s $27bn endowment, has called the editor-in-chief of the university’s student paper a “coward” and asked if she understood “simple English,” Bloomberg reported. The dispute flared up over his op-ed column in the Yale Daily News, which he asked the staff to publish without editing.
Meanwhile, Bloomberg also found that Melinda Barber, who earlier this year was promoted to managing director at Harvard University’s endowment, is departing, according to a person familiar with the matter.
The Pearson Family Members Foundation is suing the University of Chicago to recoup the $22.9m it has already handed over, saying the university’s leaders have failed to demonstrate they are using the landmark gift for its intended purpose, the Chicago Tribune reported.
The foundation that supports fundraising efforts and other activities at the SUNY University at Albany has not been audited by the system’s administrators in more than 10 years, according to a report issued Tuesday by the New York comptroller’s office. Times Union has the story.
Finally, also from Bloomberg, how Harvard blew $1bn in a bet on tomatoes, sugar, and eucalyptus.