Related: Today's Investment in Education
Did you know that "uncollected student debt is considered a major asset?"
"Seven Harvard endowment managers earned a total of $58m" by Beth Healy Globe Staff May 12, 2017
Harvard posted a 5.8 percent gain in the 2015 fiscal year, a return trounced by rival Yale University’s 11.5 percent showing. In fiscal 2016, Harvard lost 2 percent, while Yale gained 3.4 percent.
“Harvard was paying their people top Wall Street money for performance that would’ve gotten them fired on Wall Street,’’ said Charles Skorina, a San Francisco executive recruiter who closely tracks Harvard’s investments and other large endowments.
Harvard University president Drew Faust, whose compensation also is reported in the same annual tax filing, rose 58 percent to $1.9 million, mainly due to deferred compensation that vested in 2015, Harvard said, and $300,000 that will vest in the future. Her total compensation includes university housing.
The once-high-flying $35.7 billion endowment has come under wide and sharp criticism for its lackluster performance over the past decade.
Stephen Blyth, who was then chief executive of the world’s largest educational endowment in 2015, left Harvard last summer for medical reasons. He has been successfully battling cancer and teaching at the school, but was traveling and unavailable for comment Friday. Blyth took home $14.9 million in 2015 —nearly 80 percent more than he earned in 2014.
That's a heck of a raise, but I guess he needed it.
Several of the other highest-paid managers from that year, including Andrew Wiltshire, Michele Toscani and Marco Barrozo, all have since left the organization, amid overhauls by Blyth and N.P. “Narv” Narvekar, the new chief executive appointed in December.
Daniel Cummings, manager of Harvard’s real estate portfolio — an area where the endowment has performed well recently — was the second-highest paid executive in 2015, at $11.6 million. He, too, will leave this year, as Harvard spins out the direct real estate investing function, which Cummings will run as an outside operation....
Just wondering how much of that could be siphoned off for the kids and their education.
Where are the Harvard kid protesters?
Not a race or climate change thing so they don't care?
"Former Exeter official pleads guilty to abusing prospective student" by Lisa Wangsness Globe Staff May 12, 2017
BRENTWOOD, N.H. — Lawrence Jenkens was 14 years old when he was molested by an admissions officer during an overnight visit to Phillips Exeter Academy in the fall of 1973. Jenkens and his family immediately told school officials about the abuse by Arthur Peekel, but it was not reported to police until Jenkens came forward last year.
In a courtroom Friday, Peekel — who pleaded guilty to a single count of sexual assault, resulting in a fine and a requirement to register as a sex offender — sat impassively as Jenkens described the devastating effects of the abuse on his life.
It ended his childhood, he said. It left him uneasy with intimacy and even affection, and beleaguered by a persistent sense of self-doubt.
“I want a change in culture,” Jenkens said. “I want society, and I want Phillips Exeter Academy, to understand that abusing children is a grievous thing, and that it isn’t right to ignore it or to paper it over.”
Or put it under a pizza?
Peekel, who is now 75 and was once named the 1991-1992 Illinois Teacher of the Year, agreed Friday to pay a $1,200 fine and a $288 fee, participate in counseling and sex offender evaluation, and register as a sex offender for the next decade. A one-year jail sentence was suspended.
Now that is a problem. The behavior will never stop until some of these sickos start going to jail.
Dozens of prep schools, including Exeter, have launched investigations into sexual misconduct since the Globe’s Spotlight Team began a series of reports about abuse on the campuses of prestigious boarding schools.
That, perhaps, is most troubling of all. The abuse is rampant among the ruling cla$$.
In March, Exeter disclosed it had uncovered other credible allegations of sexual misconduct against a former school psychologist and three former teachers. The school launched the investigation after hundreds of alumni threatened to withhold donations until the school took action.
"After an internal investigation, Phillips Exeter Academy on Thursday disclosed that credible allegations of sexual misconduct have been made against a former school psychologist and three former teachers who worked at the prep school for many years. The disclosures, made in a letter released by Phillips Exeter officials, follow severe criticism by alumni about the school’s handling of prior abuse cases. Hundreds of alumni threatened last year to withhold donations until the school cracked down on sexual abuse of students. “It’s particularly shocking that some of our most beloved teachers are revealed to have a shadow side,” said Carl Lindemann, a 1979 graduate who was a member of the faculty at the Exeter, N.H., school from 1990 to 1993. “Even though these things happened many years ago, it’s still important to have truth and reconciliation for the school to regain its moral standing.” The four additional former staff members accused of sexual misconduct are...."
I don't know if they can regain the moral standing, but truth and reconciliation is always welcome.
Rockingham County District Attorney Patricia Conway said Jenkens in his long-ago autumn visit to the boarding school was asked to sleep in a cot next to the admissions officer’s bed on the second night of his visit. Peekel reached under the covers and molested him, then took Jenkens’s hand and stimulated himself. Jenkens froze, terrified, and pretended he was asleep.
In his statement to the court, Jenkens said that while the abuse was happening, he recalled a child who had been found dead in the woods behind an elementary school in his town, and he assumed he was going to be murdered, too.
The next morning, Jenkens called his mother in Washington, D.C., and told her what had happened. She contacted the boy’s uncle in Massachusetts, who drove to the boarding school and met with school officials. The police were not contacted.
Jenkens’s uncle, Hank DeSantis, told the Globe last year, “We didn’t want to do anything that would cause [Jenkens] to not be able to go to Exeter.”
Peekel, who declined to comment Friday, previously told the Globe that when school officials confronted him about the allegations, he denied them. He quietly took a leave in December 1973 and resigned from Exeter the next June. He said he had to take care of his ailing mother in Illinois.
By leaving the state, Peekel stopped the clock on the statute of limitations on the sexual assault allegations, which would normally expire 22 years after the victim’s 18th birthday. This allowed prosecutors to bring charges when Jenkens came forward last year.
In a telephone conversation last spring between Jenkens and Peekel that was secretly recorded by police, Peekel apologized for his actions, according to Jenkens. Peekel told the Spotlight Team at the time that he apologized to Jenkens but not for any wrongdoing.
Rockingham County Superior Court Judge N. William Delker said Friday he accepted the sentence because he wanted to offer Jenkens a sense of closure. Peekel had accepted responsibility, Delker added, and a jail sentence would do little to repair the grievous harm he had caused.
But it might stop others.
“I hope this plea of guilty and the sentence in this case does provide some change in the culture, as Mr. Jenkens hopes, and a message that this kind of conduct, no matter how long ago it occurred, will come back to roost,” he said.
“I wish I’d never gone to Exeter,” Jenkens said.
Meanwhile, in Western Massachusetts, a former photography teacher at the Northfield Mount Hermon School was arraigned Friday on two felony sex charges in Greenfield District Court in connection with alleged incidents involving a former student in 1974.
Jock Sturges, 70, of Washington state, pleaded not guilty to charges of rape of a child and indecent assault and battery on a person 14 years or older, according to Caleb Weiner, a prosecutor in the Northwestern district attorney’s office. Sturges was released on his own recognizance.
His attorney, David Rountree, of Greenfield, declined to comment on the allegations.
Sturges’s accuser is Jennifer Montgomery, a filmmaker who made a 1995 feature movie, “Art for Teachers of Children,” that she said was based on her relationship with him. She contacted the Spotlight Team last June amid news reports about sexual abuse at private schools and then complained to police. Her attorney, Mitchell Garabedian of Boston, said she is considering filing a legal claim against the school....
A lost art?
Ex-teacher molested pupils, Milton Academy says
"In a bombshell letter, school leaders wrote that a nine-month investigation by a New York security consultant had determined that Rey Buono, a beloved Milton Academy faculty member who taught drama and English, had molested at least a dozen male students at Milton Academy. Buono has worked since 1988 at theaters, schools, and a water park in Southeast Asia, according to his LinkedIn profile, and appears to live in Malaysia. Although the alleged abuse occurred three decades ago — potentially beyond the criminal statutes of limitations — charges have sometimes been brought in such cases if the abuser left the state. Some people are wondering why it took Milton Academy so long to disclose Buono’s pattern of alleged abuses...."
My first thought was the Macrons (that's how they met).
They are now urging you to come forward, and you don't even want to know what is going on at Emerson.
The plagiarism suddenly pales by comparison, doesn't it?
Former teacher sues CVS, alleging privacy violations The high-profile case touched on issues of opioid abuse and student-teacher relationships.
Is that how the kids are being seduced?
I hope they went to the doctor and got checked out.
Warren to UMass grads: ‘America needs you’
Graduation speaker defies odds: ‘I’m supposed to be dead’
Rights groups criticize Malden school over hair policy
It's today's front page feature!
NEXT DAY UPDATES:
"A former Exeter High School guidance counselor accused of sexual misconduct involving a student has pleaded not guilty. Thirty-year-old Kristie Torbick of Lee has waived a probable cause hearing set for later this month. She was charged last month with one count of aggravated felonious sexual assault. Police say she had a teenage girl perform a sexual act during therapeutic treatment on Dec. 30. The Portsmouth Herald reports that Torbick is no longer employed by the school. She remains free on $10,000 personal recognizance bail. It's unclear if she's retained an attorney."
They should throw the book at her.
Could exits from Harvard fund spur investment startups?
"More people, including a growing number of immigrants, are getting priced out of formerly affordable urban communities like Dorchester and Lynn and moving to the suburbs in search of cheaper rent, better schools, and more space to raise their children despite a thriving economy and the lowest unemployment rate in 16 years...."
Awwww, poor little rich kids?
"Thousands of students who took out federal loans to attend the American Career Institute, a defunct for-profit school that once ran five campuses in Massachusetts, will have their debts automatically discharged, the US Department of Education said Friday. State law enforcement officials have said the school was a fraud, raking in tens of millions of dollars in federal college loans while peddling essentially worthless degrees...."
They lied about job placement rates, hired unqualified instructors, and even falsified students’ grades.
I'm $ure there is a le$$on for you in there somewhere.