Word: school
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When the stock market tumbled in October 2008, the Business School was celebrating its 100th year with a weekend of extravagant festivities shortly before the school too would feel the effects of the financial crisis...
...when the economic crisis struck halfway through Light’s deanship, financial matters occupied his attention, and professors say that the priorities of the school shifted from innovation to preservation...
...didn’t stifle innovation,” Business School Professor Jay W. Lorsch says. “He came in and was really building on what Clark had done...
...recognized earlier than most what a significant event this was and how deeply it could impact the school,” says Business School professor David A. Moss. “He was careful about cutting expenditures early on, and now the school finds itself in a much better position because of his early response...
...Light had] been at the school for so long he really understood the MBA perspective,” Daubin says. “I think he did a good job of trimming some costs, but also investing in areas that were especially important...