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...last year, Harvard has faced diverse and troubling news in the financial sphere. From President Drew G. Faust’s alarmed February letter about the endowment and to Dean Michael D. Smith’s announcement 10 days ago of the need for Faculty of Arts and Sciences “restructuring,” everyone has been looking for places to cut. And they have found them. Departments have slashed around 15 percent of costs, Allston development has been significantly delayed, and undergraduate Houses have had to tweak refurbishment plans. Furthermore, the university went ahead with a voluntary...
...letter responding to Rose’s concerns, Summers wrote that he took the issues “very seriously” and that Harvard was hiring an independent counsel to ensure that Harvard maintained “the highest level of legal and ethical compliance...
...recent years, Harvard has included increasing amounts of disclosures on its tax forms. And in 2006, then-HMC chief Mohamed A. El-Erian hired a “chief compliance officer,” echoing a suggestion Rose made in a letter to Kurtz four years earlier. El-Erian, who succeeded Meyer and pledged to “rebuild and reinvent” the company, said at the time that the move was not prompted by regulatory requirements, but merely a desire to stay “at the forefront of the industry...
...campaign as ''cruel.'' He had been well on the way to recovering, though. The U.S. brokered the agreement under which Aristide, who is living in Washington, was to be restored to power; it was signed on American soil, Governors Island in New York Harbor, in July. In a letter in June to American ambassadors around the world, Secretary of State Warren Christopher ranked Haitian policy among the Administration's major achievements. But now the agreement is severely threatened, just as events in Somalia have brought the Administration's foreign-policy competence under new questioning. And the timing is no coincidence...
...disclosures come months after the school shifted from traditional letter-based grading to a four-tiered pass/fail system, leaving open the question of how precisely the tiers would be distinguished...