Word: marketeers
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Dates: during 1990-1999
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This structural problem--what Buell has calledthe hourglass shape of the job market inacademia--has squeezed the opportunities at alluniversities, meaning that Harvard is competingwith them for young, talented professors...
...December 2, 1998: Buffeted by a bull market and a strong economy, Harvard announced that it would add $95 million of endowment money to its operating budget for 1999. With the increase, the endowment payout moved closer to its traditional 4.5 percent, up from a historic low of 3.3 percent...
...looking at 1999," says University spokesperson Joe Wrinn. "Attempts are being made to bring the unions more into line with economic reality in the ballpark of what the market is willing to pay for these services...
...says Harvard's claims that the market justifies the terms of their agreement with unions hold up well to legal scrutiny...
Clete says Harvard is no exception to this trend. He says he is not surprised by Harvard's attempts to try to bring Local 254 contract more into "market" value or alter HUCTW's health benefits...