Word: forst
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...Forst said University leaders have delayed setting the endowment payout rate for the next fiscal year—a figure generally announced the December before—until Harvard’s schools can reevaluate their budgets...
...Given the extreme volatility in the markets, I don’t expect [the payout rate] will be set until we have a much more concrete sense about financial plans and endowment performance,” Forst said...
...letter also stressed the possibility of slowing construction projects or reevaluating “staffing levels,” and Forst confirmed that the University will reevaluate the scope and pace of every major capital program—including Allston expansion plans and House renovations at the College...
...expect that every part of the University is going to have to find ways to reduce its operating expenses,” Forst said...
...Forst would not say whether more hiring freezes would follow last week’s freeze in the Faculty of Arts and Sciences, but said individual schools will need to “take a hard look at compensation generally...