Word: million
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Dates: during 2000-2009
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...task: “reshaping” the Faculty of Arts and Sciences (composed of Harvard College, the Graduate School of Arts and Sciences, the School of Engineering and Applied Sciences, and the Extension School) into a smaller, more efficient entity, and slashing FAS’s remaining $143 million deficit by the summer...
...Faust highlighted Lapp's "extensive expertise in budget and finance" as well as her "demonstrated success" at UC, where she oversaw a university-wide budget exceeding $18 billion. During her final year at UC, the state of California cut funding levels for the university by 20 percent, or $813 million, as it scrambled to close a looming $26 billion budget gap. Lapp and her team put together a plan that would allow the university to absorb the impact of the funding shortage. Administrators raised student fees by 9.3 percent, laid off more than 700 staff, and implemented a furlough...
...this point, you’ve probably heard: Your soon-to-be alma mater is facing some, well, small financial difficulties. And by “difficulties,” I mean that the Faculty of Arts and Sciences is battling a mere $143 million budget deficit. True, we still have the largest endowment of any University in the world—by a long shot. But, in this time of crisis, Harvard needs to save some major dough. During its first round of cutbacks (which helped bring the deficit down from its original $220 million), the College unveiled...
Lost Book Replacement Fee: Clearly, Harvard is going to make up its entire $143 million deficit by harassing you for not returning that one, random copy of “Dwelling and Architecture: from Heidegger to Koolhaas...
Faculty Expenses: Your dreams of one day becoming a renowned Harvard professor and flying your private jet to weekly conferences in Dubai—free martini in hand—have been dashed. Now that FAS will no longer be spending $13 million on travel, meals, and entertainment for its most elite, you’ll just have to settle for eating a no-longer-“subsidized” meal at the Harvard Faculty Club when you become a professor...