Education: Tycoons to Harvard

Last week Harvard University announced that to its Graduate School of Business Administration had been added a new unit: "The 250 Associates of the Harvard Business School" whose prime purpose is to create an endowment fund "to stabilize and promote research work and the collection of material for the teaching of business." Concurrently a list of 200 charter "Associates" was made public. Each one of them has promised to pay $1,000 annual dues for the creation and maintenance of the fund. Thus, to start with, the...

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