This brings up another group who makes huge money at some universities - the people managing that endowment. From http://www.thecrimson.com/article.aspx?ref=51

This brings up another group who makes huge money at some universities - the people managing that endowment. From http://www.thecrimson.com/article.aspx?ref=510756 http://www.thecrimson.com/article.aspx?ref=510756 "Former bond managers David R. Mittelman and Maurice Samuels were paid $18 million and $16.9 million, respectively, for their work at Harvard Management Company (HMC), which invests the endowment. Jack R. Meyer, the firm’s former president, received $6 million for the fiscal year that ended June 30, 2005." Not that they don't deserve it.