Shots in the Dark
Tuesday, 27 March
Elena Kagan Ups the Ante
by Harvard Law School dean Elena Kagan just landed a $25 million donation from the Wasserstein family, whose best-known member is probably financier Bruce Wasserstein.
The timing of this announcement is interesting: Kagan recently lost the contest to become Harvard president to a woman whose ability to raise large sums is uncertain.
That $25 million gift, by the way, is about 50% larger than the annual budget of the Radcliffe Institute.
It's possible to consider this gift as another show of support for Kagan. (The first, a week or so after Faust was named, came in the form of a party thrown by law students in her honor.)
Faust is said to have terrific relationships with Radcliffe alums, but one of the question marks about her announcement is how the mega-rich finance guys like Wasserstein will respond to her.
Rumor has it that the development folks are worried....
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