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Light says that his role in bringing about these changes mostly involved persuading and coordinating faculty to convince them to support his vision.
“He recognized earlier than most what a significant event this was and how deeply it could impact the school,” says Business School professor David A. Moss. “He was careful about cutting expenditures early on, and now the school finds itself in...
“Basically any time we saw students, we talked about the new school,” Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 said in March.
Over the past three years, the Harvard admissions office has seen a 68 percent surge in applicants who list their primary interest as engineering science, while the total number of applicants to Harvard increased by only about 11 percent during that period.
Nevertheless, the reserves will not provide an unlimited source of funds in the case that uncertainty about the global economy leads the markets to return to fall 2008 levels.