Marlboro College has announced an “alliance” with Boston-based Emerson College, which basically involves Marlboro paying $40 million for the right to be chewed up and swallowed.
Such a deal.
The southern Vermont school has been searching for a partner, and this agreement shows just how desperate the search had become. Marlboro is signing over its $30 million endowment and its $10 million real estate portfolio to Emerson which, I guess, means that Marlboro’s market value was negative $40 million? Yikes.
Here’s a little whipped cream on that sundae: Marlboro says it’s shutting down after the current academic year — but this “merger” won’t be finalized until next July!
After the college shuts down.
So, what’s Plan B? We all set ourselves on fire?Continue reading