“will receive an annual grant of restricted stock units valued at $500,000”
Is there any greater insult to the campus left than this?
The Washington Examiner reports:
Outgoing Harvard president joins Goldman Sachs, academia outraged
Just days after ending her 11-year tenure as president of Harvard University, Drew Faust announced she’s making the jump from academia to Wall Street, sparking outrage from many fellow academics.
According to the Crimson, Faust has agreed to become an independent director member of the Board of Directors at Goldman Sachs, a leading global investment banking, securities, and investment management firm that has served as a punching bag for Democrats who are angry at Wall Street since the financial crisis of 2008.
Faust’s new position also carries a number of lucrative benefits. She will receive an annual grant of restricted stock units valued at $500,000 as well as a $75,000 annual retainer fee that can be paid in either cash or stock shares.
After her announcement, many fellow academics were outraged by her decision, which they perceive to be evidence of the cozy relationship between elite higher education and big business.
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