Yale and the bankruptcy of US elites

Ashe, in other words, ran a campaign on openness and reform. And he lost, which was a disappointment, but not a disgrace. The disgrace was that, even before the election result was announced, the Yale board met in secret and abolished the petition process. Apparently, even the possibility that an outsider might challenge the insiders’ choices was intolerable. The net effect is that a small group now controls a multibillion-dollar corporation, with no real accountability. As Ashe told me, “They’ve seized control without any outside supervision. . . . It’s a $31 billion corporation. That’s not pocket change.”