Word: heade
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...from her HMC team notifying her that they were formulating contingency plans for Lehman Brothers’ collapse—the largest bankruptcy in U.S. history and what many investors see as a seminal event in the financial crisis.Stephen Blyth, who had only been promoted to his post as head of internal management at HMC the week before, says that Oct. 2008 was the most volatile month in the entire history of equity markets. While the markets were already ominous prior to Lehman’s collapse, he says the event exacerbated the crisis by triggering massive risk replacement...
...donor friends from her time as the dean of the Radcliffe Institute for Advanced Study to include other prominent givers from the Summers era. But when Harvard’s $36.9 billion endowment plunged an unprecedented 22 percent in the four months leading up to Oct. 31, the former head of Harvard’s smallest school—with an operating budget of under $20 million—found herself thrust into the spotlight as a public figure tasked with bringing together the University’s traditionally disparate schools. Over the past few months, Faust has found herself...
...roll-up-the-sleeves guy,” Sweet’s intensity is apparent in his work today. “He packs a lot into a conversation, but he listens at the same speed,” says Nancy M. Cline, head administrator of Harvard College Library. “He puts an awful lot into a very short amount of time...
...five years will be a time for trial and error, says Associate Dean of Undergraduate Education Stephanie H. Kenen—who will serve as Gen Ed’s administrative director next year. “A new curriculum does not spring fully formed from Zeus’ head,” she says. And indeed, Gen Ed has already begun to be faced with the questions that the conceptual outline of the program never had to address. LITTLE VENTURE CAPITALThe problem of resources—both in terms of financial support and faculty time—looms large...
...pursuing alternative energy and reducing carbon emissions, both as Energy Secretary and in his career as an academic. Chu received a Nobel Prize in 1997 for his work cooling atoms using laser lights. The U.S. Senate confirmed him for his cabinet post in January. He has served as head of the Lawrence Berkeley National Laboratory and as a professor at Stanford and Berkeley. Harvard College will award 1,562 degrees today: 1,549 Bachelor of Arts degrees and 13 Bachelor of Science degrees. 794 men and 768 women make up the graduating class. Seventy undergraduates, representing about 4 percent...