Word: percenting
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...Sweet declined to comment for this article, and the Dartmouth News Office could not be reached for confirmation of the figure late last night, but The Dartmouth, the University’s student newspaper, did report in February that almost 15 percent of eligible staffers had accepted the school’s offer of a retirement package. Just three weeks after Dartmouth’s deadline for accepting the package, the University’s administration announced that they would be laying off 60 staffers...
...Susan R. Suleiman, chair of the literature and comparative literature department, said that the retirement of the literature concentration’s administrator, Barbara J. Akiba, will make up a “decent chunk” of the 15 percent budget cut that the FAS administration has requested of all departments...
Princeton University announced that it expects its endowment to plunge 30 percent by the end of this fiscal year—more than its original projection of a 25 percent decrease—forcing the administration to plan for a new round of budget cuts, including a salary freeze and staff layoffs...
Monday’s announcement came two weeks after Harvard revealed that the payout from its endowment would fall by 8 percent for the next two years—a much greater reduction than the original 2 percent projection that the administration told departments to plan...
...unlike Harvard, Princeton plans to increase the fraction of the endowment it plans to spend—upping the spending rate from a projected 6.25 percent to 6.7 percent next year, which is higher than its usual target rate of 4 to 5.25 percent, according to Princeton University President Shirley M. Tilghman’s letter to the community on Monday. [SEE CORRECTION BELOW...