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by elevation
37 days ago
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> We have a $27 billion endowment. We can easily fund these positions.
> Chancellor mcmcmc, 2027: We have a $26 billion endowment. With that much capital, even conservative management should exceed $100M in interest annually, meaning they could have a $100M+ budget indefinitely. That's enough money to give a couple thousand employees a six figure salary while reserving 2x the salary amount for overhead like benefits, facilities and research efforts. |
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