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
11 Percent Investment Return Boosts Value of Endowment to $27.4 Billion
Harvard Management Company reports positive results, following the sharp decline in fiscal year 2009.
In Other Financial News…
Waiting to hear about faculty retirements; a new HUCTW contract; and a cash infusion for the Medical School from its affiliated hospitals
Union, University Reach Contract Agreement
A two-year contract would increase staff members' compensation.
Universities’ Financial Straits: A Moody’s Retrospective
How high-return endowment policies and increased debt led to liquidity crises--at Harvard and elsewhere
Endowment Managers’ Pay Reported—Sort Of
Harvard Management Company refines its compensation system, and aims to gain more advantageous terms for assets managed externally.
FAS Budget: Better, Bit by Bit
The Arts and Sciences dean explains steps toward budget balance in fiscal year 2012--and concerns from financial aid to deferred capital projects.
Self Improvement
On University governance and management
Lee Elected Fellow of Harvard Corporation
A successor to departing Senior Fellow James R. Houghton
Arrested Development
With construction on its huge science facility in Allston halted, Harvard reconsiders its planned expansion there.
The Corporation Changes
James R. Houghton, senior fellow of Harvard’s senior governing board, will step down on June 30.