Word: downs
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Dates: during 2000-2009
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Frederick “Fritz” A. Henderson—a 1984 graduate of the Harvard Business School—resigned as CEO of General Motors on Tuesday after the Board of Directors asked him to step down, a move that stunned the auto industry.
After leading the school through a wave of budget cuts earlier this year, Light, who joined the Business School faculty 40 years ago, said that it was a good time to step down.
University President Drew G. Faust said that she plans to appoint a successor by the time Light steps down in June 2010. Faust added that she will assemble a search committee in the coming weeks.
“What we had to do was calm ourselves down, think about the fundamentals and focus on defense,” Markley said.
Democrats in Congress know the gravy train will soon be coming to an end. They raised discretionary non-military spending 8% in the 2009 budget and another 7% in the 2010 budget, and polls show that GOP accusations of profligate spending are starting to resound with voters; the White House...