Harvard Billionaires Bail Out Alma Mater

The video discusses Drew Faust's retirement from Harvard and her success in raising $9 billion. Despite this, Harvard's endowment returns were lower than its Ivy League peers. The video compares Harvard's 4.4% return with Yale's 6.6% under David Swensen. It explores why donors continue to contribute despite low returns, highlighting the transformative impact of a Harvard education. The discussion also covers financial management challenges, including where funds are allocated and the impact of leadership stability on endowment performance.

What is the general sentiment among academics regarding their compensation at Harvard?

What challenges has Harvard faced in terms of endowment management compared to Yale's David Swensen?