Word: smithing
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With the financial crisis on his shoulders, Smith set in motion the once-sluggish wheels of change at Harvard...
Blackbourn joined a series of professors affiliated with area-study centers—whose academic goals are focused on a particular region—who approached the microphone to address Smith and the faculty members who were present...
Facing a monumental $220 million budget deficit in the wake of a 30 percent drop in the endowment at the end of 2008, Smith began a multi-year plan to find additional funds and cut back in certain areas, asking units to surrender some of their institutional independence in service of a common financial goal...
Wielding the power of the purse, Smith has sought to channel spending and reconcile a “disconnect” between academic and budgetary planning that he described in last year’s Dean’s report...
...past, certain centers had exercised a great deal of autonomy in spending funds allocated by donors towards their fields. But with his fresh emphasis on the “core priorities” of FAS, Smith was now essentially prescribing the areas in which units ought to spend...