Word: crisises
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When the stock market tumbled in October 2008, the Business School was celebrating its 100th year with a weekend of extravagant festivities shortly before the school too would feel the effects of the financial crisis.
And when the economic crisis struck halfway through Light’s deanship, financial matters occupied his attention, and professors say that the priorities of the school shifted from innovation to preservation.
MANAGING A CRISIS
Light also took into consideration the potential negative impacts of the crisis beyond the school’s infrastructure. Multiple students, faculty, and alumni praise how he handled new budgetary constraints, as he juggled various priorities while facing diminished resources.
SEAS is less dependent on its endowment than FAS is, and the engineering school had substantially healthier reserves when the financial crisis required much of the University to cease growth. But the school nevertheless faces an almost certain decrease in available financial resources in the future.