Abstract

Since coming to Princeton, I have been impressed by two things: how rich the University is, and how seriously ethics is taken here. The wealth is evident to anyone who walks around the campus or uses the library. In comments marking President Shapiro's planned retirement from the presidency, it has been said that one of his achievements was to build the University's endowment from $2 billion to $8 billion. At a dinner a few months ago, a senior Princeton administrator told me proudly that, on a per-student basis, Princeton is now the richest university in the world.