How can I justify myself as a Magnate if I don't indulge myself?

Chapter 347 - 164: Missed the Flight? Delay the Takeoff!

Peking University’s anniversary celebrations continued in full swing...

Whether it was the May Fourth Youth Day performances organized spontaneously by students in various areas of Yan Garden or the anniversary show in the auditorium, all of them attracted a great deal of attention...

And those big shots from Peking University, after completing the initial ceremony of the anniversary, unanimously made their way to the meeting room...

Peking University President Lin Guangzhong...

Three vice-chancellors...

Several directors, deans...

One could say that the entire leadership layer of Peking University was gathered here...

Gu Heng had originally planned to show off and then slip away, but clearly, he had thought too much...

He had barely come down from the stage and hadn’t even managed to return to his seat when he was brought into this meeting room by Liu Qiao...

Facing this group of magnates, Gu Heng couldn’t help but swallow his saliva a bit...

These were all top figures in the education sector of Hua Country...

Although they didn’t have the actual power like administrative officials from each province and department, in terms of prestige and name recognition, they were in no way inferior to those senior officials...

Showboating is fun in the moment, but it leads to a funeral pyre afterwards...

Feeling the scrutinizing gazes of these university leaders, Gu Heng felt utterly uncomfortable... Explore stories at novelhall.Côm

"Gu Heng, right?"

After a while, President Lin Guangzhong finally spoke.

A year might cost three to four million or so...

The bald man looked at Gu Heng, who seemed clueless, and became even more irritated.

"Since you don’t know, then let me tell you, 2000 student scholarships a year amounts to 20 million! As for the number of students needing financial aid, our university’s undergraduate tuition is roughly 5000 a year, which adds up to 20,000 over four years, plus living allowances, one impoverished student would need a subsidy of 30 to 40 thousand!

Currently, at Peking University, there are over 1000 students who meet the criteria for financial aid, and each year we never admit fewer than 200 impoverished students. Accounting for a four-year cycle, the spending on financial aid scholarships will reach about 50 million, averaging an annual expenditure of 12.5 million. Together with the scholarships, you would need to donate over 35 million a year to the university to just about maintain the normal operation of the fund!

Moreover, this isn’t something that ends with a one-time donation; you need to make contributions year after year! A minimum of four years! That’s 1.4 billion!"

The amount wasn’t too far off from the number he had calculated...

Over a billion in four years...

It wasn’t a lot...

But seeing the bald man’s demeanor, Gu Heng was somewhat puzzled...

The money he was donating was his own; it wasn’t the man’s money, so why was he so agitated?

Before Gu Heng could speak, the bald man started ranting again...

Only this time, not at Gu Heng, but at Liu Qiao, "It’s simply preposterous. I was staunchly against giving this Gu Heng an alumnus spot for his so-called donation of 10 million. Our Peking University’s spirit has been repeatedly tarnished by such bottomless tactics!

Now with talk of setting up some foundation, it completely disregards our school authorities! With such a massive project worth hundreds of millions in financial aid, who will bear the consequences if something goes wrong? Who can bear it?! Can you, Liu Qiao?"

Liu Qiao was on the receiving end of the bald man’s outburst but maintained his composure, sitting quietly in his spot.

What Gu Heng did today was indeed too impulsive...

So it was normal for the bald man, a conservative like Director Xu, to furiously berate him...

But Gu Heng had given Liu Qiao a heads-up in advance, and he had given his tacit approval...@@@@