August 18, 2000

How Eckerd's 52 Trustees Failed to See Two-Thirds of Its Endowment Disappear

By JOHN L. PULLEY

When a college's endowment dwindles from $34-million to less than $13-million, people want to know what happened. At Eckerd College here, those who have been trying to figure it out point to the Board of Trustees, whose own leaders concede that they didn't ask many questions, and allowed policies and practices that

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An Endowment Plummets

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