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...says Peter J. Solomon ’60, the founder of the New York-based Peter J. Solomon investment bank who has met with Faust on several occasions.CHANGING TACKAs the value of the endowment plummeted, donors have described Faust’s approach as direct and up-front in requesting their financial support to bolster the University’s cash reserves. Instead of winning donors over with plans for a new building dedicated to cutting-edge research, University leaders changed tactics and approached them for current use gifts and unrestricted funds to sustain Harvard’s core activities...
Nearly five decades ago, when one of her teachers called her to the front of her Atlanta public-school classroom, Evelynn M. Hammonds—the first black woman to serve as Dean of Harvard College—thought she would be recognized for an ‘A’ she had recently earned on a test...
...Edward J. Hall, who adds that he wishes that the body had the money to give professors summer stipends to create new courses. Since more classes still need to be developed, the Gen Ed committee will not allow caps on course enrollment (originally a tenet of the program) in front-of-the-book Gen Ed classes for the next few years because the menu of Gen Ed courses would not otherwise be varied enough to meet student demand next year, Kenen says. Meanwhile, as the Faculty shrinks—part of Faculty of Arts and Sciences Dean Michael D. Smith?...
Whether the first-year President was truly indignant about the headline emblazoned on the front page of her morning newspaper or whether her reaction was merely an attempt at damage control is difficult to discern. Regardless, Drew G. Faust, in a break with her usual public restraint, wasted no time in quashing the report.“Harvard is not ‘rethinking’ Allston,” she wrote that December morning in 2007 when the article was published. “I am unequivocally committed to moving aggressively and ambitiously forward, and to making our unfolding...
...equally likely to emerge on a dusty blackboard as the frenzied trading floor—have come under fire over the past year, which saw a seismic reshaping of the global financial landscape.Mere months later, academic economists are for the most part presenting a sanguine front to the world. Despite the unprecedented collapse of several Wall Street giants that relied on quantitative forecasting, they say that the fundamentals of quantitative techniques remain intact.But at the same time, there is a new note of humility—an explicit recognition that the world is complex, formulas are imperfect, and humans...