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Remorse And The College Admission Scandal's Stiffest Penalty To Date

from Diverse: Issues In Higher Education

Douglas Hodge, is the former CEO of Pimco, a company you might know about if you pay attention to your workplace retirement funds. PIMCO is one of the cornerstone investments on the bond side, in other words, the safety play. You make your risky bets on the equity mutual funds. Bonds are like the sure thing. So of course you'd figure to see a guy like Hodge caught in the college admissions scandal. When you want to insure your four White kids of uncertain academic and personal qualifications get into their elite college of both their choice and yours — and you want no risk — you simply pay the price.

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