Professor Elam

Monday Feb 10, 2020

An op ed on Page A 19 of today's WSJ.

is authored by Doug Hodge, who WAS CEO of Pacific Investment Management Co or PIMCO, the giant bond and stock investment house.

Mr. Hodge has been sentenced to nine months in prison for paying Rick Singer and others $850,000 to asecure admission of one of his children to shUSC and Georgetown.

IN the article he claims college donations are an unfair admissions policy, but he did it anyway. He then claims he thought his payment to Singer went to an underfunded athletic program

Huh

does anyone think anything at USC or Georgetown is underfunded?

And why wasn't the payment made to the university?

And he admits it was a scheme to provide his kids with a false athletic brank

Yet he claims he was duped, gee we give to so many causes this just sounded like the rest

Oh please and you were CEO of PIMCO?

I am not buying this I never saw it coming excuse. This is why I required students to read Emerson's essay on Self Reliance.You are in charge of you.