Word: mergers
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None of the 34 Radcliffe Trustees will venture to predict what the whole body will decide to do about a potential merger agreement with Harvard in the upcoming year. While it is the Radcliffe Trustees who will ultimately decide how far non-merger merger is to go, they are, like most other interested parties in the Harvard community, waiting for the Strauch Committee to produce its report...
Several trustees said last week that since the Strauch Committee is examining a wealth of different factors, it would be inappropriate for a Radcliffe trustee to offer anything other than a personal opinion. Yet when all is said and done, they agreed, the decision on merger will probably be based largely on intuition...
Furthermore, what in 1971 was considered a major impetus to a merger agreement is no longer so extreme. The projected deficit for Radcliffe in 1971-72 was $1 million, which frightened many observers in early 1971. Meanwhile, alumnae annual giving went down by 30 per cent in 1970-71. So in the 1971 non-merger-merger agreement, Radcliffe turned its deficit over to Harvard...
...merger tussle is viewed as a tug-of-war, the small deficit would considerably strengthen Radcliffe's position. What pressure Radcliffe trustees feel to merge is not based on financial considerations, they say. Their trust is to preserve the interest of women's education within the Harvard system, an interest perhaps best served by merging...
Essentially, then, the Labor Department lawyers must decide what the corporate relationship between Harvard and Radcliffe is--a decision which could greatly short cut the work of those charged with negotiating the non-merger merger next year, to say the least...