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
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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.
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