My understanding is that they intended to pay reparations to the descendants. But if they truly identified 10k descendants at $1k each they would need $10M alone for an amount that, depending on their personal circumstances, ranges from "an insult" to "not much".
not that i am defending the university, but “expensive” is somewhat removed from “an existential risk”. Such straw men tend to be easier to knock down.
Is the argument here that Harvard, an institution (not a human being), deserves to exist more than descendants of slaves (human beings all) deserve reparations?
But they are the ones setting that value per person , so there is 0 risk of bankruptcy - they can always adjust the value to fit whatever the non-bankrupting total they're comfortable with is!