Word: sweetnesses
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...Sweet will leave less than a year after he first arrived on campus in September, as Harvard's endowment was on its way to an unprecedented four-month decline of 22 percent that would mean sweeping budget cuts for Harvard's largest school. A stalwart presence at Smith's side during these cutbacks and layoffs, Sweet has served a crucial role in the FAS administration, which has found itself saddled with a $220 million annual deficit to close over the next two years...
...Sweet, who worked closely on the budgetary planning that so prominently dictated the University's operations this past year, is not the only high-profile finance administrator to leave the University this summer. Harvard announced little more than a month ago that its Executive Vice President, Edward C. Forst ’82, would leave Harvard in August for Wall Street, where he had worked for 26 years. Forst worked closely with Sweet in his role overseeing University finances amid the economic downturn...
Smith said Sweet told him of the news “just recently,” sometime during June, but he declined to provide a precise date. The news came as a surprise, Smith said, adding that despite the FAS leader’s best efforts to convince Sweet to stay, the finance dean stood firm...
After realizing that Sweet could not be swayed, Smith said he immediately initiated the search for an acting dean and reached out to officials throughout the University, asking them to extend their responsibilities slightly and take over portions of Sweet's duties. "Right now, we're stretching," Smith said. But he added that he has no plans to institute a mass restructuring of administrative positions...
...Sweet’s determination to leave, Smith said he believes that the Vanderbilt position constitutes a “wonderful opportunity” and “a step up.” Smith said he does not know if there were any other institutions besides Vanderbilt that Sweet had been considering as a future home...