Tue 24 Mar 2009
Williams survived for 200 years without an investment office in Boston. We don’t need one. No other college that I am aware of has an investment office located in a different city. Rent and salaries are probably in the neighborhood of a million dollars a year. Close the office and allow those staff who want to move to Williamstown to do so. Although there is a theoretical case that having an office in Boston gives Williams certain advantages, this is probably not true and, moreover, not true enough to justify the expense.
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