Word: financeseated
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"People realized these are fragile institutions and it takes a lot to keep the club happy," Saxe says. "We have to keep the finances in shape and keep the original purpose of members for members."
On the site itself, the only major wrangling left seems as if it will be over the non-museum portion of the site. People involved with University finances are said to be more in favor of a hotel on the site, and others favor graduate student housing or a conference...
It is difficult to say which is stronger today:Harvard's finances or its reputation. Under suchcircumstances, alumni, officers and professors sayRudenstine has established the model Harvardpresident for the time being--it is a conservativemoment.
Radcliffe was made a little moreinteresting--and a little more nebulous--with the"non-merger merger," an agreement between thecolleges approved by the Board of Overseers andthe Radcliffe Board of Trustees in 1971. Under theagreement, Harvard absorbed responsibility for allof Radcliffe's finances. Radcliffe, however,maintained its governing board, presidency...
"I was very definitely intending to go tocollege; it was more a question of finances,"Waite says. "I owe so much of what I'veaccomplished in my life to my education. I thankGod for my opportunity to attend Harvard College."