Word: marketeers
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Dates: during 1990-1999
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...chugging into its seventh year, Radcliffe was burning money on unusually high administrative costs. From the beginning, the board realized it might have to sever official ties with undergraduates. Only then could it sell Radcliffe's buildings and land to Harvard--worth a considerable sum in the overheated Cambridge market...
...department is the site of at least three other junior Faculty departures this year. The economics and government departments also saw significant departures of assistant and associate professors. While some of these departing professors complain about Harvard's tenure system, others point to intense competition in the academic job market--especially the humanities--as the culprit...
...expectation that an English assistant professor ought to be publishing a second book only five years after receiving a Ph.D. and be teaching successfully is asking too much. Assistant Professor of English Ann Pellegrini '86 writes in an e-mail message that the constant "gearing up for the job market" distracts Faculty members from "the teaching and writing they would far prefer to be doing...
There were hints of this financial confidence when despite the endowment's summertime $1.3 billion plunge, administrators continued to implement long awaited--and expensive--changes. According to some officials, the market ills spurred by the Asian financial crisis even served as a catalyst, proving that Harvard could survive financial downturns...
University officials attributed the yo-yo effects of Harvard's endowment to stock market turmoil, not changes in alumni giving or troubles in the $2.1 billion capital campaign...