Yes, it may seem so, but in my opinion Harvard did the right thing. They created a new separate entity which handled the business side. They created a new ventu

Yes, it may seem so, but in my opinion Harvard did the right thing. They created a new separate entity which handled the business side. They created a new venture whose sole responsibility was to manage the Universities endowment. That this organisation wasn't controlled enough and didn't know where to stop is another story. I think that maximising the profits (within a risk scope) is in the interest of the students as long as it doesn't distract Harvard from being an excellent University, and I believe that wasn't the case.