On Feb. 16, [Carnegie Mellon’s investment manager] visited the offices of the Westridge fund in Greenwich and Jersey City, New Jersey, to try to locate the school’s money. In Greenwich, he was met by attorney Maxine Sleeper, who told Kennedy that her firm, Cooley Godward Kronish LLP represented the firm, though not Greenwood or Walsh [directors of the firm, arrested for misappropriation], according to the complaint.
When [the investment manager] asked Ms. Sleeper who was in charge, she said the answer was “tricky.”
February 28th, 2009 at 6:50PM
There’s an item in the New York Times today on how smaller colleges are trying hard to maintain their financial aid offers so they won’t suffer enrollment (and so sharp budgetary) declines. What struck me was the tone of the reader comments. The resentment toward college and university administrators, specifically, is very strong, and based on a sense that they are deeply corrupt:
"Trust me on this–these people are about as sleazy as they get. It’s so sad to me that we’re supposed to entrust our young people to university administration."