Anonymous
Post 09/28/2019 20:48     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
We normal people could all stop overvaluing these institutions any time we wanted to.
Anonymous
Post 09/28/2019 20:15     Subject: Re:The legal way a hedge fund billionaire gets his kids into elite colleges
[quote=Anonymous]Not addressed in the story is the very obvious question: why do children of billionaires want or need to go to college AT ALL? They are set for life if he gives them even a tiny fraction of his fortune.[/quote]

Nobody wants people to think their offspring (their genes) are idiots and/or lazy.
Anonymous
Post 09/28/2019 20:15     Subject: Re:The legal way a hedge fund billionaire gets his kids into elite colleges
[quote=Anonymous]Not addressed in the story is the very obvious question: why do children of billionaires want or need to go to college AT ALL? They are set for life if he gives them even a tiny fraction of his fortune.[/quote]

Nobody wants people to think their offspring (their genetics) are idiots and/or lazy.
Anonymous
Post 09/28/2019 19:05     Subject: Re:The legal way a hedge fund billionaire gets his kids into elite colleges
Anonymous wrote:I really, really, REALLY hope that President Warren can stop this.


The only President Warren we had was Harding.
Anonymous
Post 09/28/2019 19:00     Subject: Re:The legal way a hedge fund billionaire gets his kids into elite colleges
I really, really, REALLY hope that President Warren can stop this.
Anonymous
Post 09/28/2019 18:57     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
Why did the people working in the mailroom have such elite degrees???
Anonymous
Post 09/28/2019 18:11     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
Anonymous wrote:Generally kids of billionaires are raised with very high standards. The parents can be tough task masters.


An unemployed 30 yr old Princeton econ grad killed his fund-manger father for reducing his weekly allowance from $1000 to $300.


https://www.google.com/amp/s/www.buzzfeednews.com/amphtml/tomnamako/thomas-gilbert-killed-father-allowance-sentenced
Anonymous
Post 09/28/2019 17:55     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Fascinating way to hedge your bets. Basically donate to all the top universities and see which one sticks. At least this is legal.

https://www.propublica.org/article/hedge-fund-billionaires-donations-college-admissions-elite-universities?fbclid=IwAR2Rpkn89KZMUdtjvlycPFWlsBXgH1_P0fIpwMviZKBxIHW3syN8fYQ2wzE


While this is distasteful, think of all the good that money does for the not-rich kids.

Stop this and the spigot gets turned off. That would be way worse.


Ehh.... it’s still not right. You are basically saying “it’s ok to buy access as long as that money is used for good.” Do you think that’s ok in other contexts? Like, if a businessman buys access to a politician is it ok with you as long as it’s a good politician? No, it’s a corrupt practice and corruption eventually hurts everyone. How do you know that money is going to less fortunate students and not, say buildings that No one really needed?


No, not "access". But "admission". Very different.
Anonymous
Post 09/28/2019 17:45     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
Anonymous wrote:
Anonymous wrote:Fascinating way to hedge your bets. Basically donate to all the top universities and see which one sticks. At least this is legal.

https://www.propublica.org/article/hedge-fund-billionaires-donations-college-admissions-elite-universities?fbclid=IwAR2Rpkn89KZMUdtjvlycPFWlsBXgH1_P0fIpwMviZKBxIHW3syN8fYQ2wzE


While this is distasteful, think of all the good that money does for the not-rich kids.

Stop this and the spigot gets turned off. That would be way worse.


Ehh.... it’s still not right. You are basically saying “it’s ok to buy access as long as that money is used for good.” Do you think that’s ok in other contexts? Like, if a businessman buys access to a politician is it ok with you as long as it’s a good politician? No, it’s a corrupt practice and corruption eventually hurts everyone. How do you know that money is going to less fortunate students and not, say buildings that No one really needed?
Anonymous
Post 09/28/2019 17:43     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
There just aren't enough billionaires going this route to even care about. Believe me, your kid isn't getting denied at an elite school because of some billionaires' kid.
Anonymous
Post 09/28/2019 17:37     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
Generally kids of billionaires are raised with very high standards. The parents can be tough task masters.
Anonymous
Post 09/28/2019 17:32     Subject: Re:The legal way a hedge fund billionaire gets his kids into elite colleges
Not addressed in the story is the very obvious question: why do children of billionaires want or need to go to college AT ALL? They are set for life if he gives them even a tiny fraction of his fortune.
Anonymous
Post 09/28/2019 16:46     Subject: Re:The legal way a hedge fund billionaire gets his kids into elite colleges
Interesting read! The fact that the family also generously donates to lots of organizations with no seeming expectation of a return makes me less judgmental than I otherwise would be. I definitely want to read the script for the play that is mentioned in the article.
Anonymous
Post 09/28/2019 16:01     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
Anonymous wrote:Fascinating way to hedge your bets. Basically donate to all the top universities and see which one sticks. At least this is legal.

https://www.propublica.org/article/hedge-fund-billionaires-donations-college-admissions-elite-universities?fbclid=IwAR2Rpkn89KZMUdtjvlycPFWlsBXgH1_P0fIpwMviZKBxIHW3syN8fYQ2wzE


While this is distasteful, think of all the good that money does for the not-rich kids.

Stop this and the spigot gets turned off. That would be way worse.
Anonymous
Post 09/28/2019 15:51     Subject: The legal way a hedge fund billionaire gets his kids into elite colleges
Fascinating way to hedge your bets. Basically donate to all the top universities and see which one sticks. At least this is legal.

https://www.propublica.org/article/hedge-fund-billionaires-donations-college-admissions-elite-universities?fbclid=IwAR2Rpkn89KZMUdtjvlycPFWlsBXgH1_P0fIpwMviZKBxIHW3syN8fYQ2wzE