February 4, 2008
Colleges' Endowment-Spending Prerogatives Get Unexpected Defense
Washington
As Congress continues to turn up the heat on wealthy colleges for their endowment-spending policies (The Chronicle, May 30, 2007), two of the country's most visible critics of colleges' financial practices found themselves siding with many in academe on Friday in decrying the idea of a federally required spending minimum for endowments.
Charles Miller, who was chairman of the federal Commission on the
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