American universities are not the only ones that can make stupid investment decisions.
Tianjin University, one of China's best, lost $12 million because the president of the school, personally, lent $12 million to a Shenzhen company that went belly up.
This is just one example of poor financial management in China's many colleges and universities.
Continue reading...
Tianjin University Loses a Bundle in Failed Investment
samnut (2006-11-29 14:42:04) 评论 (0)American universities are not the only ones that can make stupid investment decisions.
Tianjin University, one of China's best, lost $12 million because the president of the school, personally, lent $12 million to a Shenzhen company that went belly up.
This is just one example of poor financial management in China's many colleges and universities. Continue reading...