Word: nye
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Speaking on the “State of the School,” Nye said the school is “doing well” with plans for cutting a fiscal year 2002 loss of $5.9 million to $2.9 million for this fiscal year...
...because only first quarter financial results are in, Nye acknowledged that he could not be sure the school would meet the goals...
...similar address at the ARCO Forum last November, Nye told KSG students and faculty that the school would run a $3 million deficit for fiscal 2002, but that number ballooned to $5.6 million in April and $5.9 million when the fiscal year closed in June...
...school still plans to be in the black by next fiscal year, Nye said...
...recession and economic downturn from Sept. 11—which cost the school millions in cancellations for its executive education programs—the school could no longer finance large overhead costs of several of its centers and research projects. It cut 47 staff and adjunct faculty positions, and Nye now meets quarterly with the Harvard Corporation to review financial plans...