Word: slobbering
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Dates: during 1990-1990
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Venture capital makes money. Lots of it. But rather than merely slobber over high yields, University officials must not be afraid to ask questions about the sources of the financial bonanza. They must ask whether such investment is consistent with the goals of the University. Only by allowing for full participation by the academic community can we ensure that Harvard's ethical oversight structures are up-to-date with its investment strategies...
...salaries of "investment jockies" are irrelevant to the question of responsible investments. Furthermore, Harvard's role as a "major player in the nationwide venture capital market" is hardly incompatible with its role as an educational institution. Quite the contrary, the profits that University officials reportedly "slobber over" enhance Harvard's ability to educate...