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What's his theory of even having standing in the first place?
by xxpor 6y ago
What's his theory of even having standing in the first place?
- throwawaygh 6y agoWho knows. He's a large donor, but donors have trouble suing institutions over conditional gifts. So even if he made a gift that was conditional on beating the S&P, which would be a rather extraordinary string to attach to a gift, odds are stacked against him. Guess: he knows he doesn't have a winning case but wants to raise hell. If the fund moves to more passive management then he won either way.
- throw0101a 6y agoHe's given them money, and wants it used prudently: > He has donated about $5 million to his alma mater and received various honors and officials designations from the university, including the chairmanship of its investment committee in the 1990s.
- dragonwriter 6y agoThis story has a bit more detail: https://businessden.com/2020/07/19/former-chairman-donor-sues-cu-foundation-over-investment-returns/ https://businessden.com/2020/07/19/former-chairman-donor-sue... His personal basis for standing is unclear even from the more detailed article, but part of it is claims for class action standing by a group of recent students on behalf of all students of the last decade years.