Word: forst
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...Forst, a 14-year veteran of the investment bank Goldman Sachs, will oversee Harvard's offices for human resources, finances, and administration, which until now reported directly to the president. According to the announcement, he will also advise University President Drew G. Faust on developing "administrative capacity" between schools, a recent focus of the University's leaders...
...Forst, who holds an MBA from the University of Pennsylvania, will also draw on his financial expertise as a new board member of the Harvard Management Company, which oversees the University's endowment...
...Forst comes to Harvard without previous experience in academic management, but boasts a strong résumé in the financial world, having served as Goldman's executive vice president, chief administrative officer, and global head of its investment management division...
...move to the educational sector will come with a steep drop in pay for Forst, who earned nearly $50 million in the fiscal year ending in 2007, according to Forbes. Harvard vice presidents generally earn under...
Throughout his time in the corporate sector, Forst has also remained involved with Harvard. He served as co-chair of the 20th and 25th reunion gift committees for his class and he has co-chaired since 2005 the University Committee on Student Excellence and Opportunity, which studies possible improvements to financial aid across the University...