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Despite recent chatter that the University plans on instituting mass layoffs later this month—after the conclusion of Commencement activities—both a union leader at Harvard and a University spokesman say that negotiations about staff reductions remain in the early stages, making any discussions of a timeline premature. “The persistent rumors out there [are] based on the mythology that the University is one big coordinated entity and that some Harvard office is the keeper of the list of people to be laid off,” said Bill Jaeger, director of the Harvard...
...unceasing composure during a sudden and unanticipated financial meltdown, her decisiveness under time constraints, and her focus on long-term investment success. “Truly, of all the people I’ve ever run across in the investment world, she was the most impressive,” says Andrew B. Evans, treasurer and vice president for finance at Wellesley College, where Mendillo managed the endowment for six years before she took over HMC’s executive position last summer. “Her ability to synthesize a huge collection of data and make it understandable...
...warm support for Faust’s leadership in the face of extreme financial pressure, praising what they view as her transparent and cautious approach in identifying University priorities.“She’s very forthright, unadorned, and not one to gild the lily,” says Peter J. Solomon ’60, the founder of the New York-based Peter J. Solomon investment bank who has met with Faust on several occasions.CHANGING TACKAs the value of the endowment plummeted, donors have described Faust’s approach as direct and up-front in requesting their...
...didn’t yield to excessive student demands, but he was perfectly willing to talk to them.”As both a professor and an administrator, May was calm and thoughtful, yet genial in his interactions with others. “He would rarely say 10 words when he could make his point in eight,” Zelikow said.A native of Fort Worth, Texas, May ventured westward to UCLA for his undergraduate and graduate degrees before spending the Korean War working as an historian for the U.S. Joints Chiefs of Staff. In 1954, he arrived in Cambridge...
...courses for incoming freshmen in the class of 2013—all of whom will fall under the new program. The work thus far has been more struggle than seamless shift. There’s always an “enormous gap” between rules and practice, says the History department’s director of undergraduate studies, Daniel L. Smail, suggesting that it will be the work of the last two years, culminating next fall, that will be of most consequence for the new curriculum, and not its theoretical conception. “If you take my view...