Oberlin College pleads poverty to jury deciding on punitive damages

Yesterday saw the president (salary: over half a million dollars) of Oberlin College (with an endowment of $887.4 million) plead poverty to a jury in Lorrain County, Ohio (median household income: $54,932), urging them not to add punitive damages of up to $22 million to the $11 million already awarded to Gibson's Bakery.  (For background on the case see this, this, and this.) Allen Memorial Art Museum, Oberlin College, Oberlin, Ohio, USA.  Architect Cass Gilbert, 1917. Photo credit: Daderot. Daniel McGraw, who sat through the entire trial for the Legal Insurrection Foundation, summarized Oberlin's defense yesterday: [H]ere is the essence of Oberlin College's defense today: Gibson's lawyers spent considerable time going over Oberlin College's IRS Form 990, showing over $1 billion in assets and numerous employees earning over $100,000, They also got the Vice President and General Counsel of the...(Read Full Post)
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