Ellison Pulls Plug on $115 Million Gift to Harvard
Oracle CEO says that with Summers departing, he lost confidence in Harvard
Just days before University President Lawrence H. Summers steps down after losing the confidence of professors, Oracle CEO Lawrence J. Ellison announced that he has lost trust in Harvard University and will not carry through on a pledge made one year ago to donate $115 million dollars [sic] to create an institute to study global health initiatives.
The donation would have been the largest in Harvard's history, but Ellison said Tuesday that with Summers gone, he has lost faith in the University to properly administer the funds.
"The reason I didn't finish my gift to Harvard was because of the way Larry Summers suddenly left Harvard. I lost confidence that that money would be well spent," Ellison said, according to the Daily Telegraph of Britain. More.
Just days before University President Lawrence H. Summers steps down after losing the confidence of professors, Oracle CEO Lawrence J. Ellison announced that he has lost trust in Harvard University and will not carry through on a pledge made one year ago to donate $115 million dollars [sic] to create an institute to study global health initiatives.
The donation would have been the largest in Harvard's history, but Ellison said Tuesday that with Summers gone, he has lost faith in the University to properly administer the funds.
"The reason I didn't finish my gift to Harvard was because of the way Larry Summers suddenly left Harvard. I lost confidence that that money would be well spent," Ellison said, according to the Daily Telegraph of Britain. More.
posted by HeavyHanded at
7:05 PM
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