Word: barro
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Dates: during 1990-1999
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...Barro, currently Waggoner professor of economics, earlier this week accepted tenure at Columbia University--supposedly lured by a package more suited to a sports star than an academic luminary...
Columbia officials and Barro himself refused to confirm the account of deal published in Wednesday's New York Times,or to comment on the exact terms of the contract.Richard Clarida, chair of Columbia's EconomicsDepartment, would say only that the package wasenough to "encourage [Barro] to think aboutColumbia...
Regardless of its actual terms, the bidding warthat netted Barro this contract still seems anominous precedent even for the world's richestUniversity, which has not lost a senior economicsFaculty member since...
Rudenstine said in an interview Wednesday thatHarvard would not offer equally lucrative packagesto attract or keep high-profile faculty. Thisstatement contradicts the Times' report that Deanof the Faculty Jeremy R. Knowles is building a"war chest" to fend off faculty raids like the onethat netted Barro...
...going elsewhere, Barro reportedly will becompensated with $300,000 per year in salary, plusa $55,000 post at Columbia for his wife and aplace for his son in a Manhattan private school.In addition, the Times reported that Columbia"eased out" the prior tenant of an apartment theBarros were interested in and renovated it beforeoffering it to Barro at half the market rate...