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Apparently Stanford’s administration was publicly shamed enough to walk back its announcement that they can’t possibly afford to spend money on their university press anymore because its $26 billion endowment isn’t yielding enough cash and something’s gotta give. (Those bribes aren’t helping the balance sheet, either, dammit.) Sharing scholarship is apparently too great a luxury for a university that has the fourth largest endowment among US higher ed institutions. The press has been given a year’s reprieve in hopes we will forget how angry we got when we heard about the plan.Apparently Stanford’s administration was publicly shamed enough to walk back its announcement that they can’t possibly afford to spend money on their university press anymore because its $26 billion endowment isn’t yielding enough cash and something’s gotta give. (Those bribes aren’t helping the balance sheet, either, dammit.) Sharing scholarship is apparently too great a luxury for a university that has the fourth largest endowment among US higher ed institutions. The press has been given a year’s reprieve in hopes we will forget how angry we got when we heard about the plan.
