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On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

How One Billionaire Lost Millions And Left Underserved Scholarship Students In Limbo

⏲ 20:9 👁 1.2M

STUDIOHOMEGROWN PRODUCTIONS

Solomon Islands Elections 2024, street talk on who the people desire to be their Prime Minister.

⏲ 14 minutes 54 seconds 👁 5.8K

Unexplained

The Most Disturbing Last Words Of Pilots

⏲ 13 minutes 26 seconds 👁 1.1M

A heart-stopping video caught the dramatic moment a Lufthansa Airlines Boeing 747 violently bounced off the runway at LAX before aborting the landing. <br/><br/>On Tuesday, the 747, Boeing's largest 'Jumbo Jet,' was attempting to land at Los Angeles Airport, but the plane struck the runway hard and bounced twice, forcing the pilot to abort.<br/><br/>The frightening moment was documented in a livestream by Airline Videos Live, a group of airplane enthusiasts 'dedicated to bringing high-quality video' of commercial aviation 'to viewers worldwide.'<br/><br/>In the video, Lufthansa Flight 456, which originated in Frankfurt, Germany, could be seen sweeping down toward the runway with its landing gear extended.<br/><br/>Everything appeared to be going smoothly until the plane's back wheels touched down, at which point a cloud of white smoke burst from the wheels.<br/><br/>Then the plane abruptly jerked upward, its wheels hovering over the ground for a few yards. <br/><br/>The plane lurched downward again, this time both the front and back wheels making contact with the runway.<br/><br/>But as soon as the wheels touched down, the plane, which seats 400 passengers and crew, bounced upward.<br/><br/>After the second botched landing, the pilot decided to abort and the video showed the plane ascending into the sky. <br/><br/>While the plane bounced along the runway, Kevin Ray, the website's owner and chief commentator, shouted: 'Holy Moly!'<br/><br/>'That is the roughest landing I think we've ever caught on our broadcast,' said Ray, later adding that they could 'smell' the burnt rubber from the wheels.<br/><br/>Lufthansa Flight 456 proceeded to circle the airport and landed without an issue a short time later.<br/><br/>As of right now, it is unclear whether this incident was the result of some malfunction with the 9-year-old Boeing plane or if it was caused by something else.<br/><br/>Earlier this week, there was another fraught landing with a Boeing plane at an airport in South Africa.<br/><br/>Moments after take-off, a Boeing 737 plane lost a wheel and the pilot was forced to execute an emergency landing.<br/><br/>Safety staff at OR Tambo International Airport in Johannesburg, South Africa, noticed the FlySafair aircraft had damaged its undercarriage on take off on 21st April.<br/><br/>After being ordered back, the pilots made a low pass over the runway so engineers could inspect the damage.<br/><br/>They found one of four rear wheels had been clipped during takeoff and ordered the plane down. But video footage of the landing shows the wheel disintegrating as the plane tried to taxi down the runway.<br/><br/>The clip shows flight FA212 with smoke billowing from the damaged wheel.<br/><br/>Seconds later there was a huge bang and parts of the wheel flew off as the undercarriage collapsed sending the jet leaning sideways towards its port left wing as it ground to a halt towards the end of the footage.<br/><br/>Miraculously no one was injured in the drama, reported local media, and passengers were evacuated and offered another flight.<br/><br/>

Heart-Stopping Moment Boeing 747 Bounces along the Runway TWICE before aborting in a Rough Landing

⏲ 1:13 👁 25K

Hometalk

She mixes baking soda and glue for this gorgeous home decor idea!

⏲ 8 minutes 2 seconds 👁 800.4K

Objectv Media

Dog Skit: AY Att@cks Seun Kuti again, Questions If He's Truly Fela's Son

⏲ 4 minutes 10 seconds 👁 719

Dailymotion<br/><br/>Premiere<br/><br/>Hindi<br/><br/><br/>dailymotion.com<br/><br/><br/>\

Three of UsHindi Film Dailymotion

⏲ 1:32:37 👁 10K

Camodo Gaming

I Chased Suspects with a Charger Police Car in Roblox Southwest Florida!

⏲ 13 minutes 3 seconds 👁 257.9K

Redbar Paradise

Shin Mikezilla DESTROYS New H3 Studio! ABUSIVE Boss Ethan Klein EXPOSED! REDBAR MINUS ONE

⏲ 1 hour 46 minutes 12 seconds 👁 5.1K

Pirates of the Caribbean 6: Beyond the Horizon sets sail starring Johnny Depp and Jenna Ortega<br/>Please note that this video is a concept trailer created solely for artistic and entertainment purposes. I have meticulously incorporated various effects, sound design, AI technologies, movie analytics, and other elements to bring my vision to life. Its purpose is purely artistic, aiming to entertain and engage with the YouTube community. My goal is to showcase my creativity and storytelling skills through this trailer. Thank you for your support, and let's dive into the world of imagination! <br/><br/>Software I use: Adobe Premiere, After Effects, Photoshop, Adobe Audition, Mocha Pro<br/>------------------------------------------------<br/>‍☠️Pirates of the Caribbean 6: Beyond the Horizon<br/><br/>\

Pirates of the Caribbean 6: Beyond the Horizon - Trailer | Johnny Depp, Jenna Ortega

⏲ 1:41 👁 10K

Soft White Underbelly

Prison Guard interview-Ray

⏲ 1 hour 13 minutes 35 seconds 👁 75.3K

AR12Gaming

Revisiting... The Crew

⏲ 9 minutes 53 seconds 👁 41.4K

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