Word: percent
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...have offered dates ranging from June 10 to the end of the month. With layoffs looming, some have continued to rally on behalf of staff. Kimberly Theidon, an associate professor of anthropology, has proposed the “1% Campaign,” which calls for a voluntary 1 percent faculty pay cut to help stave off staff layoffs. She said that she has witnessed “overwhelming willingness” to participate among faculty. But according to FAS spokesman Robert P. Mitchell, the institution of even an across-the-board 2 percent salary reduction for non-union workers...
...evolving approach towards the possibility of layoffs—“the big enchilada,” Jaeger calls it—was a March announcement that funding from the endowment, Harvard’s multi-billion dollar treasury, would decline by more than 15 percent over the next two years...
...general charge to implement broad structural changes that have yet to be determined. The news came a few weeks after the University announced in mid-March that the endowment payout—the school’s chief source of revenue—would fall by more than 15 percent over the next two years. “Reshaping” had replaced “resizing” (what happened to the coffee at afternoon meetings) as the new buzzword. The concept arose organically from University-wide discussions, Harvard President Drew G. Faust says, but the word ultimately came...
...After the University learned that the endowment had fallen a precipitous 22 percent in December, Smith devoted the bulk of the two subsequent Faculty meetings to explaining the looming budgetary shortfall with powerpoints and hand-written figures—a function that professors came to expect in their dean...
...While department heads scrambled to draft proposals for 15 percent cuts in their budgets in accordance with a December directive from Smith, the former cryptographic researcher emerged from the frenzy of the financial uncertainty as the “point person,” the man tasked with setting fiscal policies to close a gaping deficit. Sweet—who often flanks Smith in various meetings with FAS administrative deans—knows the numbers well enough to tell units how particular proposals for budget cuts will save, or perhaps even cost money...