University News
Breaking developments, leadership announcements, and policy changes from across Harvard’s schools and administration.
Harvard Layoffs Continue, with More to Come
In the wake of federal government actions, several Harvard schools and institutes are cutting costs.
by Jonathan Shaw
Faust: University Will Slow Pace of Construction in Allston
Harvard will continue construction through 2009 while examining its options, which include pausing construction entirely.
Early-Retirement Program and Other Cost-Cutting Measures
The University unveiled incentives for staff members to retire early, and the president and Faculty of Arts and Sciences dean discussed other pending financial measures.
Harvard Management Company Reduces Staff 25 Percent
In the wake of sharp declines in the endowment, Harvard Management Company's new leadership is reducing staffing.
Princeton Details Endowment Results and Spending-Reduction Plans
Princeton has detailed a prospective 25 percent decline in its endowment and resulting restraint in its operating and capital budgets--in line with the steps taken by Yale, and indicative of the actions Harvard administrators may formulate.
Harder Times
An update on the University’s initial responses to the worsening economic climate
Harvard Borrows $2.5 Billion: The Costs and Rationale
The University moved quickly to sell new bond issues, to refund existing short-term debt, to increase financial flexibility, and as it turns out to extricate itself from expensive interest-rate swap agreements.
Endowment Managers' Compensation Reported
Harvard Management Company has issued its annual report on the compensation of its highest-earning investment professionals...
Yale Estimates 25 Percent Endowment Decline, Phases Budget Cuts
Yale disclosed the impact of the financial markets on its endowment, and outlined a series of phased budget-cutting measures.
Government and Medical Schools Pursue Cost Cutting
Harvard's government and medical schools are pursuing cost reductions of up to 10 percent in next year's budget.
Faculty Seeks $100-Million to $130-Million Cost Cuts, Slashes Searches
The Faculty of Arts and Sciences has outlined large cost cuts, even after freezing salaries and slashing the number of faculty searches it will authorize.