$100-Million Hole

If you thought EDU was only in trouble at big public universities like Mich and CalState, think again. Dartmouth is the nation’s first Ivy league college to announce drastic cuts to fill a $100 million hole by laying off an additional 76 people this semester – bringing the total number of employees let go in recent months to about 300 by April 2010.

Students held a candlelight vigil on the green last Thursday as an expression of solidarity with hourly-wage staff affected by the layoffs calling for comprehensive negotiations to make sure they aren’t out in the cold if they fail to qualify for unemployment assistance with State agencies.

Makes you wonder what they teach Business Majors these days when their Endowment Fund still hovers around $2.8 Billion since the economy tanked. We called something called the Business Ethics Helpline at Dartmouth for comment but haven’t heard back from anyone secure enough in their job to reply.