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Los Angeles Times
Los Angeles Times
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Michael Hiltzik

Michael Hiltzik: With a $300 million donation to Harvard, a hedge fund billionaire shows why we need a wealth tax

Harvard University wants us to bow down to the exceptional generosity of Kenneth C. Griffin, a hedge fund billionaire who just made a $300 million gift to the school's graduate program.

Griffin's donation to his alma mater "underscores the power of education to transform lives and to expand the reach of our research in every field imaginable," Harvard President Larry Bacow said in the announcement press release. "It has been a great pleasure to get to know Ken throughout my presidency."

In return for the money, the program has been renamed the Harvard Kenneth C. Griffin Graduate School of Arts and Sciences.

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