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Evolutionary psychologists have a cynical term for cooperative, procommunity behaviors like buying a Prius or shopping at Whole Foods or carrying a public-radio tote bag: competitive altruism. Cynical, but accurate. As several studies (like this one) have shown, altruistic people achieve higher status, and are much more likely to behave altruistically in situations where their actions are public than when they will go unnoticed. Competitive altruism explains why soldiers jump onto grenades during war (their clans will reap the rewards) and why vain CEOs build hospital wings (they enjoy the social renown that they could never acquire from closing...
...Harbor.But beneath her unobtrusive exterior, Mendillo, CEO of Harvard Management Company, harbors a wealth of investment knowledge. She commands the respect of colleagues at Harvard and elsewhere, who laud her unceasing composure during a sudden and unanticipated financial meltdown, her decisiveness under time constraints, and her focus on long-term investment success. “Truly, of all the people I’ve ever run across in the investment world, she was the most impressive,” says Andrew B. Evans, treasurer and vice president for finance at Wellesley College, where Mendillo managed the endowment for six years...
...bolster the University’s cash reserves. Instead of winning donors over with plans for a new building dedicated to cutting-edge research, University leaders changed tactics and approached them for current use gifts and unrestricted funds to sustain Harvard’s core activities in the short-term.“We felt that it is very important to have resources to make immediate interventions that will have good outcomes in the long-term,” Faust says, citing the need for greater flexibility in diverting funds. Unrestricted funds can be used at the discretion of University...
...April letter to The Crimson, Mather House resident tutors spoke of the Dean’s tight-lipped nature regarding J-Term planning and her apathy towards their concerns, writing that they were “worried by Dean Hammonds’ refusal to say whether some Houses will be closed over January...
...When asked to clarify the term “reshaping,” Smith repeatedly turns to the Faculty, casting his non-answer as an opportunity for professors—particularly those in the working groups—to propose “innovative” solutions for the remaining $143 million deficit. When asked to explain the growth of the administration in the past few years, Smith reverts to stock optimism: “I’m a very forward-looking person,” he says. When asked to comment on budget plans that could impact...