Word: payouts
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Dates: during 2000-2009
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...said University President Lawrence H. Summers suggested the most recent payout increase in a meeting with her two weeks ago, in which Summers worried the benefits costs would place too tight a squeeze on the University budget...
Berman added that although revising previously set payout was virtually unprecedented, the Corporation wanted to ease the burdens facing the University...
...Corporation decided this was just the sort of extraordinary event they wanted to deal with by changing the payout arrangement,” she said...
Harvard’s budgets remain tight, but are still projected to grow, with planned payout from the University’s endowment to nudge up by 2 percent for the fiscal year that begins next July...
HUDS director of finance Raymond Cross cites rising employee health care costs and a reduced payout from the University endowment as reasons for the shift...