Billionaire’s Guide to Buying Your Kids a Better Shot at Elite Colleges

Re:Billionaire’s Guide to Buying Your Kids a Better Shot at ... by malkia on Monday September 30, 2019 @03:18PM (#21118739)

I guess, it may be that - you may want your children to be properly educated, and able to accomplish hard tasks (given at university) before handing them down businesses. Probably even working low-paid jobs for a while just to learn all the levels in the company.

[ Parent | on HN ]

Re:Billionaire’s Guide to Buying Your Kids a Better Shot at ... by joefourier on Monday September 30, 2019 @03:51PM (#21119078)

But if you're buying their education anyway, does that really teach them the ability to accomplish hard tasks? I don't imagine the university being especially strict on the students whose parents gave very large donations.

I understand the value for an "ordinarily wealthy" individual, who is wealthy enough to give a bit to the university but does not have the sheer amount of connections that a super-wealthy one would have.

[ Parent | on HN ]

Re:Billionaire’s Guide to Buying Your Kids a Better Shot at ... by ctdonath on Monday September 30, 2019 @04:06PM (#21119208)

Yes.

“I paid $37M to get you into that position, I expect you will produce >$37M in results.”

[ Parent | on HN ]