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Bankruptcy

: Credit Slips

Reasonably Equivalent Value for Academic Prestige?!

By John Pottow

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BearingPoint's Trustee has just brought a fraudulent transfer action to get back a donation it paid Yale of $6 million to endow a chair and earn naming rights of certain on-campus buildings at its School of Management.

(If someone can find a link, please post.)

This academic of course thinks summary dismissal is warranted for the suggestion that they might not have received REV for the honor of having their name used in connection with a prestigious professorship!

Full post as published by Credit Slips on March 16, 2010 (boomark / email).

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