Word: institutionalize
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Dates: during 1990-1999
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"It's refreshing to see the graduate board concerned with having some depth to it rather than being a purely festive institution," Edward B. "Ted" Fienning '01 said.
Additional faculty hires would do much to reduce class sizes, reinvigorate our impoverished Core curriculum and facilitate greater faculty-student interaction. As academia becomes increasingly more expansive and specialized, additional faculty will allow Harvard to remain a top research and teaching institution.
"The institution does have a heart. [President] Neil [L. Rudenstine} and Harvey [V. Fineberg '67] care a great deal about this and this is why a fire got lit under this."
The author is the Deputy Director of the Hoover Institution.
And part of Harvard's problem last year was that it simply had too much money. Venture capital firms, which returned some of the highest profits for investors last year, often cap the amount any one institution can invest in them.