Word: fausts
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...Civil War historian by training, the affable Faust was chosen by the Harvard Corporation to patch up tensions left over from the University’s own civil war between the Faculty and Faust’s predecessor, Lawrence H. Summers. So far, Harvard’s first female president seems to have won the goodwill of many—even eating lunch with students in Eliot House on one occasion, only to find herself the recipient of an over-sized t-shirt protesting layoffs. While the endowment plunges, she continues to cling to her “green?...
...Thus far, Faust has played a seemingly hands-off role as an administrator, relying heavily on departing Executive Vice President Edward C. Forst ’82—a former Goldman Sachs executive who served as Faust’s right-hand man in a post that she created. For the most part, she has continued to allow the deans of Harvard’s twelve different schools to make policy decisions on their own—reverting to Harvard’s age-old decentralized philosophy of “every tub on its own bottom...
...Provost’s Office underscores Hyman’s growing power as a counterweight to Harvard’s traditional decentralization. He decides which interdisciplinary, multi-school initiatives the University should undertake—for example, between the Medical School, the Law School, and the College. And with Faust preoccupied by the financial crisis and appearing to lack a grander vision for the University, some see Hyman as the flag-bearer for her predecessor’s ambitious plans, continuing pricey initiatives in stem cell research and other sciences...
...Corporation’s seven members serve lifelong terms, and when any one of them chooses to retire, the group appoints the successor. The Corporation’s meeting agendas and minutes are also kept secret. The group is composed of President Faust, two professors (at Georgetown and Princeton), the head of an economic policy research institute, a couple of business leaders, and the former director of Citigroup, Robert Rubin. Some alumni might think they’re electing representatives when they vote for members of the Board of Overseers every year, but in reality, that governing board usually just...
...Forst's brief tenure. She will also work to streamline University-wide operations and services and will serve on the board of the Harvard Management Company, which manages the University's endowment. "Katie has a reputation for effectiveness, honesty, and integrity in whatever she undertakes," University President Drew G. Faust said in a statement released today. Faust highlighted Lapp's "extensive expertise in budget and finance" as well as her "demonstrated success" at UC, where she oversaw a university-wide budget exceeding $18 billion. During her final year at UC, the state of California cut funding levels for the university...