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During his tenure, Light has overseen a $600 million capital campaign for the Business School, the complete renovation of the school's Baker Library, and the introduction of the 2+2 program, which allows students to apply to HBS after their junior year of college, as well as leading the school through a wave of budget cuts earlier this year. Light has been at the helm of the business school since being named interim dean in August 2005. He assumed the position on a permanent basis in April...
...previous interviews, Smith himself has framed the faculty retirement packages, which were in progress as early as this spring, as part of budget-saving effort aimed at resurrecting the Faculty from a financial deficit that yawned as wide as $220 million in April (the figure has since been cut in half, Smith announced this fall). If any of the 127 faculty members who were offered the package chose to accept it, the plan would open up positions that would only be filled again on a case-by-case basis...
Harvard professors are currently the highest paid in the country, according to a recent report by the American Association of University Professors, with an average salary of $192,600 per year. In the 2009 fiscal year, FAS spent $147.8 million on all faculty salaries, according to the Dean’s Annual Report...
Biomimicry might be an unfamiliar field to many undergraduates, but in 2008 it was the beneficiary of the largest gift in the University’s history, when Business School graduate Hansjörg Wyss gave $125 million to found the Wyss Institute for Biologically Inspired Engineering. The institute seeks to “discover the engineering principles that Nature uses to build living things...[to] revolutionize healthcare and create a more sustainable world,” according to its Web site...
...worry that the success of PEPfAR - an initiative that has consistently enjoyed broad bipartisan support - may be jeopardized by harsh economic realities and shifting political priorities. Although Barack Obama pledged during the 2008 campaign to boost PEPfAR funding by $1 billion each year, his first budget proposed just $366 million more for fiscal year 2010 than the current year, and a majority of the 15 countries that receive PEPfAR funds will see no increase. After five straight years of funding hikes and public-health victories - in 2008, Congress reauthorized PEPfAR with a new commitment of $48 billion over five years...