Due to several recent trades, the Education Investment Fund class, where students get to invest with real money, will now be known as the Pepperdine Philanthropy Fund.
“We’re breaking new ground here,” said a frazzled Professor Ed Fredericks. “This is a first for Pepperdine, and as far as I know, we may be the first business school in the country to do this.”
“Just as Bill Gates has made the switch from amassing wealth to giving it all away, the Education Investment Fund…um…decided…it was time to…um…well…do the same.”
Gathering steam, he continued. “Yeah...the whole $100,000 is gone, and depending on the complex derivative trades that *someone* made, well, it looks like Pepperdine is gonna be giving away a lot more real soon.”
While it is not clear exactly what prompted him to revamp the course syllabus, Professor Fredericks told Fly On The Wall that the GSBM board was “thrilled” with the news and rewarded him with immediate extended vacation.
“Yeah, it’s great...just what I wanted,” he muttered as professional movers quickly packed up his office.
Asked if he had any hot investment tips to share before being removed from campus, he added, “Yeah, don’t put everything into toothpicks.com. I mean, it *sounds* like common sense, but not everyone figured that one out.”
“Oh, and for the record, someone tell Orion French he can forget about that letter of recommendation. Make sure you print that.”
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