In 1948, Eisenhower became President of Columbia University, an Ivy League university in New York City. The assignment was described as not being a good fit in either direction. During that year Eisenhower's memoir, Crusade in Europe, was published. Critics regarded it as one of the finest U.S. military memoirs, and it was a major financial success as well. Eisenhower's profit on the book was substantially aided by an unprecedented ruling by the U.S. Department of the Treasury that Eisenhower was not a professional writer, but rather, marketing the lifetime asset of his experiences, and thus he only had to pay capital gains tax on his $635,000 advance instead of the much higher personal tax rate. This ruling saved Eisenhower about $400,000.
In 1948 , Eisenhower became President of Columbia University , an Ivy League university in New York City . The assignment was described as not being a good fit in either direction . During that year Eisenhower 's memoir , Crusade in Europe , was published . Critics regarded it as one of the finest U.S. military memoirs , and it was a major financial success as well . Eisenhower 's profit on the book was substantially aided by an unprecedented ruling by the U.S. Department of the Treasury that Eisenhower was not a professional writer , but rather , marketing the lifetime asset of his experiences , and thus he only had to pay capital gains tax on his $ 635,000 advance instead of the much higher personal tax rate . This ruling saved Eisenhower about $ 400,000 .
Where is Columbia University located?
Where is Columbia University located ?
New York City
New York City