Word: forstã
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After Harvard’s nearly $37 billion endowment took a precipitous plunge, Forst??s job description expanded to include working with administrators across the University to close budgetary gaps at the schools. Many school leaders described his involvement in the budget-cutting process as “critical,” and Forst met with Faust on an almost daily basis...
...just less than a year, Forst, who formerly served as Goldman Sachs’ chief administrative officer, had refinanced Harvard’s capital structure to reduce the University’s risk in its investment strategies. From his vantage point in Mass. Hall, Forst??described as “data-driven” by Christine M. Heenan, the University’s vice president for government, community, and public affairs—was able to identify inefficiencies in the University’s administrative system and consolidate University-wide procurement of resources, Shore says. Perhaps his years...
...Such knowledge has proven pivotal in Forst??s working relationship with Sweet, Forst??s counterpart in FAS. Forst says he meets every day with his own finance team or those at other schools across the University—and his meetings with Sweet and Smith have become particularly formative for a school currently struggling to develop a plan for revamping its administrative and programmatic structure. “I think the two of them have an extremely good working relationship,” Smith says of the financial...
...with high-level administrators, Forst describes his style as a “much more ‘pick up the phone and talk to people’—as there’s a real-time need to do that.” In response to Forst??s imminent departure, Lewis, the former College Dean, remarked, “His leaving seems to create a big hole for the President...
...Forst??s mother would agree—except for the one rare instance in which he set off a firecracker in his bedroom by accident when home alone. “It burned through the carpeting,” she remembers. “He told me that it was the lady who cleaned the house and left the vacuum on to cause the wool to evaporate...