From reading the article, doesn't seem like UChicago was very interested in actually running the institute as much as sticking it with operating expenses and doing the bare minimum.
I'm sure more will come out - this will be an interesting lawsuit.
I'm sure more will come out - this will be an interesting lawsuit.
"Relying on a university administration is generally not prudent. It is clear that the Family envisioned an effective "new business," in the spirit of a venture or a "start-up" and those kinds of projects take serious business execution. In my experience, the Pearson's complaint merely exposes the tip of the iceberg as far as what the donor "sausage machine" looks like in a major university. Lesson? Donors need to act more like active investors, despite the general hard resistance universities put up."
They were expecting university administrators to provide "serious business execution".