Word: shad
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...Green himself is barred from exercising inthe Business School's plush Shad Hall athleticfacility. Such minor barriers between sections ofthe University--when considered along with moreserious concerns such as computer networking, theunion negotiations and the capital campaign--haveraised questions about the limits of the possiblecooperation between Harvard's traditionallyseparate faculties...
John S.R. Shad, of the Business School's plush Shad Hall, didn't have to pay anything, sort of. The fitness facility was a gesture of thanks for Shad's $20 million pledge to endow an ethics program...
...what makes the administration's position disingenuous is that many of the deans and their staffs have embarked on expensive projects in the last few years without much worry about costs. Remember last year's $47,000 cable line for the members-only Shad Hall gym? What about the 7 percent pay raises top Harvard administrators have received since 1990? Or how about the high six-figure paychecks Harvard money managers have been taking home even while the overall growth rate of the endowment has fallen in recent years...
...issue, we should acknowledge, is not as clear as union officials would have it. Deans and their staffs often begin pricy projects because alumni are willing to pay for those specific projects. Shad Hall, for example, was financed by alumni contributions...
These often represent a greater return for the Cambridge area than a new building can provide. It is true that projects such as Shad Hall and The Inn at Harvard (another expensive venture union officials complain about) create jobs. Union officials should admit this more freely. But investing in higher wages creates benefits as well--and the administration seems to ignore these benefits...