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“Professional Cassandras”?!?

April 17, 2009

From Academica’s Top Ten:

U of Toronto faculty association challenges administration over investment practices: At its Annual General Meeting on Tuesday, the University of Toronto Faculty Association passed a resolution commending its leadership for challenging administration over the management of the university’s pension plan and endowment investments, which resulted in a $1.3-billion loss last year. In a letter, uToronto’s president called UTFA leaders “pessimists” and “professional Cassandras” for criticizing the school’s investment practices. The association says the administration’s attitude indicates a need for a more cooperative relationship between the university and UTFA “in the management of its members’ pension plan, and in broader issues of governance of the University.” UTFA News Release


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