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...returns remain in a dismal financial landscape, but also to take advantage of investment opportunities that may emerge as the storm calms in coming years.With only a month to go until the end of the fiscal year, Mendillo says she is quite certain that the projection of a 30 percent drop in the endowment, originally formulated in October, will hold. But despite the drop, she says she is confident that her team will find ways to use the crisis to Harvard’s advantage.“The time period in which we’re going...
...made her introductory rounds within alumni circles, expanding her small posse of donor friends from her time as the dean of the Radcliffe Institute for Advanced Study to include other prominent givers from the Summers era. But when Harvard’s $36.9 billion endowment plunged an unprecedented 22 percent in the four months leading up to Oct. 31, the former head of Harvard’s smallest school—with an operating budget of under $20 million—found herself thrust into the spotlight as a public figure tasked with bringing together the University?...
...publicized by a group of second-year students at Harvard Business School this spring. By becoming a signatory, MBAs pledge, among other noble things, to “act with utmost integrity and pursue [their] work in an ethical manner.” As of yesterday, about 40 percent of the approximately 900 members in the HBS Class of 2009 had signed the online oath. But must MBAs really chose between greed and virtue...
...other specific components of an ethical life, influence happiness. Voluntarism, for example, is a specific pro-social behavior that provides a good measure of altruism. In fact, volunteer work is one of the most practiced and important pro-social activities across the globe. Of adults in the U.S., 50 percent participate in volunteer activities, doing the amount of labor in a year of what would otherwise amount to 5 million full-time jobs. While there are many reasons to volunteer, evidence from recent research suggests that volunteering actually causes higher, sustained happiness levels in individuals, even when controlling for other...
...Lawrence Berkeley National Laboratory and as a professor at Stanford and Berkeley. Harvard College will award 1,562 degrees today: 1,549 Bachelor of Arts degrees and 13 Bachelor of Science degrees. 794 men and 768 women make up the graduating class. Seventy undergraduates, representing about 4 percent of the class, earned summa cum laude degrees—the highest degree awarded by the College—in their fields of concentration. 85 graduates will receive magna cum laude degrees with highest honors, based upon their entire coursework and overall grade point average. One hundred fifty eight undergraduates will receive...