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Ellison leaves Harvard in lurch over donation

By
June 21, 2006

According to the Financial Times:

Harvard University has been left in the lurch by Larry Ellison, chairman of software group Oracle, who has failed to make good on a $115m (€91m, £62m) donation 10 months after academics believed they could count on the money. The Ellison Institute for World Health, which was gearing up to employ 130 staff by the summer of 2007, has been put on hold. Twenty research fellows and five top academics had been all but appointed, while three senior managerial staff who had been hired have now been dismissed.

These issues are just too important to depend on capricious decisions of the very rich.

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