[NU Sports] Fwd: Northwestern's Financial Condition

[MHRJGScott at aol.com]

I am calling  my Kellogg classmates this week to get them to contribute to 
our 1984 reunion  fund, hoo boy, they are not happy that big money Bienen blew 
$1.5 billion of the  endowment last year.  My old boss at Evanston hospital 
made $6 million a  year last I looked. Since 1980 75% of the private wealth went 
to 1% of the  population.  Conservative blowhards have at it, but the pigs 
are, and have  been sucking the middle class dry way too long.
 
 
In a message  dated 2/25/2009 7:21:46 P.M. Eastern Standard Time, 
Hakirsch at aol.com  writes:
 
 
These  folks used to justify their high salaries because the private sector 
heads  were making millions and millions --and therefore they felt it was  
appropriate to make high 6 figures--( I know the head of the UC system  made 
close to 
a $ million last year )Well certainly the days of the heads  of the major 
bank 
heads making $20/30/40  million are over, at least  for now, and the heads of 
Universities and NGO's should take large pay  cuts as well-- I think just 
10-12 
years ago the ranges were around $250  K--fine --adjust  it up for inflation, 
but that should be it--and the  rest of the employees should be asked for 
5-10% 
cuts as well until their  finances improve or the market environment makes 
that 
"proposal"  uncompetitive with our  peers




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