March 16, 2019

it was a different time


2 Comments:

Blogger VMM said...

https://www.economist.com/united-states/2019/03/14/american-prosecutors-uncover-a-huge-university-admissions-scam

There is also an entirely legal way to corrupt the elite admissions system, which for some reason generates less outrage. Mr Singer grasped this dynamic: There is a front door “which means you get in on your own” and a “back door” secured by multimillion-dollar donations to universities, he explained in a recorded call to a client. What Mr Singer did—for 761 buyers, he claimed—is create a “side door” by bribing university officials and faking test scores that would achieve the same result at one-tenth of the cost. In effect, his scheme granted mere multimillionaires access to the billionaires’ entrance.

March 17, 2019 at 9:46 AM  
Blogger VMM said...

I met a fundraiser for Harvard (tough job), a few years back, and asked him how much it would cost to get an otherwise-unqualified applicant in. He said 50 million.

"I know what you are, we're just negotiating the price," etc.

March 17, 2019 at 9:49 AM  

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