John Paulson’s $20MM gift to New York University is to endow a chair in Economics named after Alan Greenspan. This might have slipped by our notice over the holiday weekend, but for the intrepid eye of Dan B:
“The Stern School will apply $5 million of John Paulson’s gift to support two endowed faculty chairs. The first chair is named for alumnus Alan Greenspan (BS ’48, MA ‘50, PhD ’77), leading economist and former Chairman of the Federal Reserve Board. Dr. Greenspan was Chairman from 1987-2006, and was the first person to be appointed to five consecutive terms through a period covering four presidential administrations. He has also held a number of board positions. Dr. Greenspan is the author of The New York Times best-selling book, “The Age of Turbulence: Adventures in a New World” (Penguin Group, 2007) and works as a private advisor providing consulting through his company, Greenspan Associates LLC. “
Dan notes:
“I was reading the latest edition of STERN business and found some humor in the fact that a portion of John Paulson’s $20MM gift to New York University is to endow a chair in Economics named after Alan Greenspan. Seems fitting that one of the individuals most responsible for creating the conditions by which John Paulson could achieve vast wealth for himself (and clients) is so honored”
No doubt about that!
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Source:
Hedge Fund Founder John A. Paulson Gives $20 Million to NYU Stern
http://w4.stern.nyu.edu/news/news.cfm?doc_id=101914
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