TU's Endowment Shrinks

The University of Tulsa was slammed by $300 billion worth of bad news on Friday. 

Friday, February 27th 2009, 10:24 pm

By: News On 6


News On 6

TULSA, OK -- The University of Tulsa was slammed by $300 million worth of bad news on Friday.  TU's endowment was slashed by a third as investment markets continue to falter.

The school is limiting overtime, freezing merit-based pay raises, and re-routing money from vacant positions.

The school says these cuts will help stave off lay-offs.

logo

Get The Daily Update!

Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!

More Like This

February 27th, 2009

September 29th, 2024

September 17th, 2024

July 4th, 2024

Top Headlines

December 6th, 2024

December 6th, 2024

December 6th, 2024

December 6th, 2024