must be in a very difficult place.” According to S.E.C. and other legal documents unearthed by VANITY FAI

s. Today it essentially provides a shadow education. In school, Mr. El-Bey told me, he simply learned to “regurgitate facts.” Programs like LEDA and S.E.O. are popular with wealthy, supremely educated donors, precisely because of outcomes like Mr. El-Bey’s. Just this May, the financier Henry R. Kravis pl

8 (1962)). See also Business Roundtable et al. v. S.E.C.,— F.3d—, 2011 WL 2936808 (D.C. Cir., July 22, 201

es. Today it essentially provides a shadow education. In school, Mr. El-Bey told me, he simply learned to "regurgitate facts." Programs like LEDA and S.E.O. are popular with wealthy, supremely educated donors, precisely because of outcomes like Mr. El-Bey's. Just this May, the financier Henry R. Kravis pl

as New York, the effects of such philanthropy can be ef=ortlessly observed. Walking through his neighborhood, Mr. El-Bey ran into another alumnus of S.E.O., Luis Hernandez, who was about t= begin his freshman year at the University of Southern California. In a pr=cocious accomplishment more typical in o