Word: budgeteer
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...previous interviews, Smith himself has framed the faculty retirement packages, which were in progress as early as this spring, as part of budget-saving effort aimed at resurrecting the Faculty from a financial deficit that yawned as wide as $220 million in April (the figure has since been cut in half, Smith announced this fall). If any of the 127 faculty members who were offered the package chose to accept it, the plan would open up positions that would only be filled again on a case-by-case basis...
...past, Smith has emphasized that over half of the Faculty's budget is written over to compensation for staffers and professors...
Last spring, in the midst of budget troubles, the University offered an early retirement package to staff members aged 55 or older who had served at Harvard for 10 years or more. That package was expressively proposed as an early retirement incentive aimed at trimming numbers and cutting costs...
Under all three options, faculty members will be paid their full salaries during the 2010-2011 fiscal year, so the plan will not affect this fiscal year’s spring budget...
...Harvard Lampoon, a semi-secret Sorrento Square social organization that occasionally used to publish a so-called humor magazine, recently announced that they'll be driving down to Princeton to serve as stand-in butlers for the few that the university had to lay off due to its own budget cuts...