Word: biddinger
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But some question whether the bidding wars will leave Harvard out in the cold in the future.
Barro's decision to stay at Harvard--which he attributed to the quality of his colleagues and students--had seemed a triumph for Harvard's egalitarian salary system. With above-average but relatively equal wages, the University said it could keep a stable of contented academics without entering bidding wars...
After Yale changed its policies, Harvard wasfinally moved, replacing its refusal to changewith a pledge to make its offers competitive on acase-by-case basis. This pledge--to keep packageswithin "shouting distance" of the competition--wasa vague label for what would become a silent,case-by-case bidding war with...
According to Miller, this record number ofrequests was met with between $750,000 and $1.5million in extra spending on financialaid--bidding money that no one could find in theFAS budget at the beginning of February.
Then there are the auction items like the one Steve Graham successfully bid for. Participants can attend in person or phone in or write in their bids ahead of time. Hotel companies offer auctions as well, but InsideFlyer's Petersen says the airline auctions tend to have sexier awards. Take...