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Mass. Governor Deval L. Patrick ’78 announced on Wednesday that the City of Cambridge will lose approximately $2.6 million in local aid for the fiscal year ending June 30??€”a nearly 10 percent decrease from the $26.7 million in local aid originally allotted. The cut is part of a broader $128 million reduction announced last Friday. Patrick said the cut will be expanded to $375 million next year, pulling another $6.6 million from Cambridge, as part of an effort to close a $1.1 billion shortfall in the state’s budget. The state provides...
...Last year, compensation for HMC’s president and top five officials summed to $26.8 million for the fiscal year ending June 30??€”a 20 percent increase from the previous year, but a marked drop from that of five years earlier...
...letter calls for Harvard to withdraw the $21 million in bonuses paid to managers for the fiscal year ending June 30??€”even though the endowment posted returns of 8.6 percent during that period, beating the S&P 500’s 13.1 percent fall. In the four months since then, the endowment has decreased in value by 22 percent, while the S&P has declined by 24.6 percent...
Harvard’s endowment—valued at $36.9 billion at of June 30??€”tumbled 22 percent in the ensuing four months, University officials announced last month. As of June 30, 2007, the Radcliffe Institute had $587 million and the Divinity School had $620 million...
Harvard Management Company announced Friday that compensation for its five highest-paid officials and former president totaled approximately $26.8 million for the year ending June 30??€”a turbulent time for both the markets and the company’s leadership...