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University Provost Alan M. Garber ’76 argued that increases in health care costs at Harvard necessitated adjustments, including the introduction of a deductible in some instances and a 10 percent co-pay.
The size of the faculty had remained flat since the onset of the financial crisis until the last fiscal year. Its renewed growth comes even as the school ran a $77 million deficit, according to a copy of the draft report obtained on Monday.
The jump in costs that Hausammann described did take place, but over the course of only two years and more than a decade ago.
Stephen Blyth, pictured at the Phi Beta Kappa Literary Exercises in 2013, was named the next president and CEO of Harvard Management Company on Wednesday.
Blyth, who is currently a managing director and head of public markets at HMC as well as a professor of statistics, will assume the role Jan. 1, 2015.
The investment gains leave Harvard’s endowment just short of its $36.9 billion peak, which was reached in June of 2008, before the global financial crisis.
Faust made it clear in an interview on Tuesday that the humanities will be a focus for her during the academic year.
Harvard has raised at least $4.3 billion in pledges and donations during its University-wide capital campaign so far, including $500 million in the second quarter of 2014 alone.
Members of Harvard Faculty for Divestment called once again for an open and public forum with members of the Harvard Corporation and the Harvard Management Company on Tuesday.
Some activists worry that the new plans may increase the cost of healthcare for non-union employees; others say that the changes help balance costs.
The Law School’s chief financial officer, Geoffrey S. Swift, has been named vice president for finance and administration and treasurer of Bates College, the school announced.
The University will significantly restructure the benefit plans it offers to non-union employees, cutting premiums but introducing, for the first time, a deductible at the point of care.
Ryan, who most recently served as the chief investment officer at MDR Capital Management in New York, will start his new role in September.
Shore will be joining OnShape Inc., a technology start-up in Cambridge, as its CFO.