Word: facultyã
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Kirby’s tenure, which began in July 2002, has been dominated largely by the Harvard College Curricular Review. The review has been plagued by criticism that it lacks ground-breaking ideas and a strong guiding philosophy, and progress on the review stalled last year while the Faculty??€™s attention was occupied by debate over Summers...
...Faculty is running an annual deficit that is expected to rise above $100 million by 2010. But the two people briefed on the sale of Mass. Hall said that the move was prompted by the central administration’s desire to expand its offices, not the Faculty??€™s budget woes. Mass. Hall currently houses the offices of Summers, Provost Steven E. Hyman, his seven vice presidents, and other senior staff...
With the University’s endowment at $25.9 billion and the Faculty??€™s slice at nearly $12 billion, administrators and professors see the huge numbers as compelling reasons for the rapid and costly expansion...
Already underway, the investments include three construction projects with price tags in the hundreds of millions—the just-completed Center for Government and International Studies, the Laboratory for Integrated Science and Engineering, and the Northwest building—and dramatic growth in the Faculty??€™s size, an expected increase from 636 full-time faculty positions three years...
...administration’s current plan for 2010 calls for about half of the new expenses to be paid for by $60 million in additional income from the Faculty??€™s endowment. Sixty percent of that income will be raised by a University-determined increase in the payout rate of the Faculty??€™s annual income from the endowment. The other 40 percent—about $24 million—will come via a direct withdrawal from the endowment, in a process known as decapitalization...