Bloomberg Businessweek

Billionaires Rescue Harvard From Poor Returns

The richest endowment in higher education lags the Ivy League average, but the school is a fundraising powerhouse
Faust

Three years ago, hedge fund billionaire John Paulson offered his alma mater, Harvard Business School, an enormous gift. Nitin Nohria, the school’s dean, responded in a way that would shock most other charitable organizations: Thanks, but we don’t need it. Instead, Nohria suggested Paulson direct the money toward Harvard’s engineering school, according to people familiar with the exchange. So

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek2 min readFood & Wine
Real Barbecue Ain’t Easy
The best new cookbooks argue that this fine Southern art requires commitment and complexity.
Bloomberg Businessweek12 min readTech
What Mice, Birds, & Fish Can Teach a Self-Driving Car
... or the next Siri, or a computer that will read your mind, or any computer, really. Silicon Valley can’t hire enough neuroscientists
Bloomberg Businessweek5 min read
The Star Who Fell To Earth
Neil Woodford is a famous fund manager in the United Kingdom. At a time when individual investors are pouring money into anonymously run index funds, there aren’t many of those left anywhere in the world. He now faces a crisis after he froze investor