Word: smith
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Dates: during 2000-2009
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These savings included reductions in the amount of unrestricted sums—known as subventions—that are distributed to major FAS units, as well as lower costs associated with faculty recruitment and relocation, which appeared to follow from a Smith letter last December that announced a sudden, severe slowdown in searches for new faculty...
...open forum in September, Smith first informed faculty and staff that progress had been made on the University’s financial situation which had led him to prescribe cost-cutting measures that went “significantly further” than the “proverbial belt tightening,” as he wrote in a correspondence to the Faculty last year...
Speaking before an audience in the Science Center, Smith mentioned the anonymous gifts and told forum attendees that thanks to a combination of windfalls and budget trimming, the current fiscal year had seen its deficit already slashed by over $100 million from earlier projections...
...report, Smith wrote that the administration should avoid spending all of the surplus accrued over the last fiscal year, and stressed the importance of aggressive fundraising, especially for unrestricted, current-use funds. He also reiterated what has become a continual note of caution—that FAS should be careful to only hire faculty and staff with the assurance of long-term funding...
...reminded daily of how enviable our intellectual resources are. These resources demand an intensified commitment to...a better understanding of our academic identity,” Smith wrote in the report. “Like a bridle for Pegasus, the result of such commitment will help us harness our financial and administrative resources to better serve our academic mission...