Word: mightfully
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...will likely “have to make further changes to the size of its workforce” in the face of an unprecedented fiscal crisis, discussions with union partners are still underway, making it “premature” to determine when such changes to staff positions might occur. Faculty of Arts and Sciences Dean Michael D. Smith said in April that the administration would not announce any plans for layoffs before the summer, but beyond that, the University has not released any timeline. Rumors about prospective job cuts have offered dates ranging from June...
...percent cash reserve. But she says that HMC is now aggressively analyzing ways to carefully reinvest that cash to take advantage of opportunities for significant returns and diversification over the next few years. “The financial crisis has created the opportunity for change in a way that might not have existed if it hadn’t happened,” Mendillo says. And while HMC announced in February that it would lay off roughly 50 staffers—part of Mendillo’s desire to “rebalance the company to better suit the portfolio...
...asked Drew the question directly, that the vision is really little different than what it had been before the financial crisis,” John A. Kaneb ’56 says. “But it may have to be achieved over a longer time frame than one might have thought, and perhaps a bit more modestly in some ways I can’t now foresee.”Faust describes the messages she has been sending to alumni as two-fold—Harvard must not only “adjust to a changed financial context?...
...sacrifice—in which wealth is exchanged for virtue—but rather as an opportunity for gain through happiness. Ethical behavior (just like unethical behavior) can be born of self-interest. For everyone’s benefit, publicizing these findings from positive psychology might be just as important as oaths...
...Faust hopes to install a Dean that can hit the ground running on the budget and continue the budgetary reforms initiated by Jackson, she may favor him as permanent Dean. Professors Manning, Minow, and Wilkins lack Jackson’s familiarity with the budget and might be unable to make progress on the budget as quickly, according to several senior professors on the faculty...