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...BEGINNING OF THE STORMWhile her sojourn at Wellesley prepared her to take the helm of Harvard’s mammoth endowment, the company she returned to was dramatically different from the one she had left years earlier. In 2005, HMC’s legendary CEO Jack R. Meyer left the company with 30 other employees in tow to start his own hedge fund after enduring heated criticism for what some saw as excessive company compensation. Meyer, a 15-year veteran of HMC, had grown the endowment from $4.7 billion to $26 billion, achieving an annualized average return rate...
...billion endowment can support is not easy. Most give Faust credit for coping with the unprecedented fiscal challenges thus far. Most praise her transparency and relatively frequent updates on University budget planning—“People are grateful for the information,” Stephen R. Quazzo ’82 says. And most cite her mild-mannered charm and ability to put everyone around her at ease as the key strengths she brings to the presidency.But when asked to describe Faust’s long-term vision for the University, few alumni mention any specifics, though most...
...process can work much more efficiently if we have a greater sense of the vision of the leaders of the University on what their large priorities are,” says former Dean of the College Harry R. Lewis ’68. “To really make large scale changes, I think you need a somewhat stronger hand—a stronger hand that’s informed and consultative...
...move that has delighted many of her colleagues and former students, the University has granted Professor Glenda R. Carpio tenure in both the English and African and African American Studies departments. “I’m extremely happy both for her and for the College because I think it’s only in the best interest of the students that we’ll be able to take classes with her and we’ll be able to be exposed to her mind and her enthusiasm for the material,” said former student...
...remarks, but that Rajan’s were ultimately more inspiring. “I had very high expectations, but I was very happy with my class day speaker, and I think that made up for it,” Ambekar said. —Staff writer Evan T. R. Rosenman can be reached at erosenm@fas.harvard.edu...