Word: clarida
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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...
...Columbia, Clarida downplayed the importanceof money in Barro's decision, but said Barro'scompensation was considerably larger than thenormal going rate for faculty...
...safe to say that if all our economicsfaculty made the amount he did, we would have tohave a much smaller department," Clarida said...
...Clarida recalled from his days in graduateschool at Harvard that the University has alwaysbeen reluctant to enter bidding wars...
...Harvard professor, if he were reallyconcerned about how much money he made, [couldfind more money elsewhere]," Clarida said...