Word: nye
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Roger B. Porter, IBM professor of business and government, has been named director of the Center for Business and Government at the Kennedy School, Dean Joseph S. Nye Jr. said Thursday...
...Roger Porter represents an ideal combination of economic expertise, government experience and scholarly accomplishment to lead the Center for Business and Government," Nye said in a press release. "I hope and expect that he will significantly further the Center's work to explore the connections and interdependencies between the private sector, the public sector and the academic world...
Other administrators, such as Kennedy School of Government Dean Joesph Nye, point towards the financial incentives of the private sector, combined with the shrinking size of governmental budgets and bureaucracies--inevitably turning many talented individuals, often with substantial loans to repay, away from public service...
...Government is downsizing, and this has an effect on the quality of young people who would like to enter public service," said Nye. "When you can start out making $70,000 in the private sector, but only $30,000 in the public sector, there is a severe economic penalty for choosing government...
...financial incentives must also be created, and existing career advancement benefits must be emphasized to a greater extent. Under Nye's leadership, for instance, the Kennedy School is looking to create more fellowships which would help bridge the financial gap between the public and private sector. Under such a plan, Nye said, graduates who choose to go directly into public service would receive a financial stipend to help compensate for their lower salary. An important comparative advantage of the public sector over the corporate world is the potential for greater responsibility immediately after graduation...