tag:blogger.com,1999:blog-2186009007521440649.post899449969344592327..comments2023-10-01T05:17:17.729-04:00Comments on True Blue: Duke crisis deepens. Endowment off 33 percent. Brodhead sees vastly smaller DukeTrue Bluehttp://www.blogger.com/profile/17335903344114942219noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2186009007521440649.post-17615992273143745172009-03-15T12:53:00.000-04:002009-03-15T12:53:00.000-04:00Lay off the professors?Nah, let's axe a few sports...Lay off the professors?<BR/><BR/>Nah, let's axe a few sports teams.<BR/><BR/>Lacrosse anyone?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2186009007521440649.post-29494936284935596162009-03-08T16:37:00.000-04:002009-03-08T16:37:00.000-04:00To 6:06.Yes, I was off by a key on the key board.I...To 6:06.<BR/>Yes, I was off by a key on the key board.<BR/>I like the fact that Kristin apparently makes no attempt to cull out any comments as my blunder appeared immediately.<BR/>You go Girl!(Kristin)<BR/>The 11:23 (North of 8 mile)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2186009007521440649.post-71923891391296504242009-03-02T18:06:00.000-05:002009-03-02T18:06:00.000-05:00"Would laying odd 88 professors help?"I guess you ..."Would laying odd 88 professors help?"<BR/><BR/>I guess you meant laying off.... but maybe not.... they are kind of odd, and your suggestion might actually help...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2186009007521440649.post-77411069914739982352009-03-02T11:23:00.000-05:002009-03-02T11:23:00.000-05:00Would laying odd 88 professors help?Would laying odd 88 professors help?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2186009007521440649.post-91808660447368279742009-03-02T10:02:00.000-05:002009-03-02T10:02:00.000-05:00While the crisis is deep, at the very least - at p...While the crisis is deep, at the very least - at present - we are not in the situation some of our peers are in. Yale will likely be laying off 300 or more workers; Harvard is apparently offering buyouts to 1600.<BR/><BR/>I did not see in the letter regarding the education budget. I saw that the operating budget must be reduced by $125M off a ~$2B base - I wouldn't call that the "education budget," though.<BR/><BR/>It is, indeed, going to be an interesting ride; after years of 20%+ returns, looks like we will go through a few years, at least, of -20%. Painful to see, but I am not so sure that the crisis here is more dire than elsewhere and may, in fact, be less so because of Duke's current accounting model. <BR/><BR/>I do wish communications from central were more forthcoming - saying things like "down 20% since the end of 2008" really should be updated to "end of February" for the true picture to be seen. I know my retirement account has lost another 16% since January 1, though I've never picked quite so well as DUMAC :-DDukeEgr93https://www.blogger.com/profile/01656706833701438546noreply@blogger.com