A debate between Harvard and its dining workers over a new contract deepened when four Harvard Medical School students penned an analysis denouncing the health benefits package the University proposed to HUDS workers in June.
In a rough year for university endowments, Yale returned 3.4 percent on its investments in fiscal year 2016, beating out Harvard’s negative 2 percent returns over the same time period.
Harvard Management Company lost almost $2 billion in endowment value during a “disappointing” fiscal year 2016, posting its worst endowment returns since the nadir of the financial crisis.
15 student groups from Harvard Law School issued a statement on their website reproaching Harvard’s bargaining record with its dining service workers, characterizing the ongoing stalemate in HUDS’ most recent round of contract talks as a class and racial justice “struggle.”
Harvard has started to narrow its list of candidates to replace Stephen Blyth as CEO of Harvard Management Company and has at least two higher education investment veterans among potential candidates for the position, according to a story in the Wall Street Journal.
When the Harvard University Dining Services workers announced earlier this month that they were considering a strike during their contract negotiations with the University, a now-familiar refrain emerged: If Harvard can invest and raise billions of dollars every year, why can’t it pay its workers more?
Harvard’s dining services workers were leaning toward an “overwhelming yes vote” Thursday night in a decision on whether to authorize a strike. The results of the vote will be announced Friday morning.
Facing a stagnant global financial market, Harvard Management Company, the firm that oversees the University’s $37.6 billion investment pool, is bracing for potentially low returns for the 2016 fiscal year, according to University President Drew G. Faust and financial experts.
Eligible freshmen will receive $2,000 in “startup” grants over the course of the year from the Financial Aid Office, as part of a three-year pilot program.
As many as 300 mayors and 400 aides are expected to participate over the course of the four-year program.
Blyth’s departure continues a recent trend of shorter stints at the head of HMC— for the first 31 years of its existence, the fund saw just one transition of leadership.