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...Faculty of Arts and Sciences has reduced its deficit to $80 million, signifying a drop that FAS Dean Michael D. Smith credited at yesterday’s Faculty meeting to alumni donations, improvements in the international financial market, and last year’s cost-cutting measures...
...open forum last September, Smith said that FAS would seek to reduce its deficit to $90 million for the fiscal year ending in 2010—a planned decrease of $20 million that the administration has exceeded by $10 million, according to its most recent estimates...
Despite the good news, Smith said that much remains to be done to close the remaining $80 million deficit—an obstacle he called “huge”—and that the strategy for making cuts will be “relatively unchanged” from last year...
With the help of his large-screen presentation, Smith discussed the improved financial state of FAS, which is now $80 million in the red. But Smith shied away from details and gravitated towards general statements regarding plans to implement the budgetary recommendations devised by the working groups and his continued dedication to academic planning and Harvard’s “core mission...
...careful, restrained player who wields his power with quiet but ruthless efficiency - as he did on Feb. 1, when he fired the military officer overseeing the Pentagon's new F-35 stealth-fighter-jet program for cost overruns and technical failures and punished Lockheed Martin by withholding $615 million in fees. Lots of defense contractors and program managers underachieve, yet they almost always get away with it. Not under Gates...