Beginning a "major effort to encourage and support higher education in business," the Ford Foundation last week announced a grant of $1,100,000 to Harvard's famed Graduate School of Business Administration, and a jackpot of $1,375,000 to the University of Chicago's relatively little-known, expansion-bound School of Business. Harvard will use the money to expand its doctoral program; Chicago will divide $1,000,000 between two endowed professorships, spend the rest on fellowships, faculty grants.
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