University Finances
Harvard Corp. Leaders Tell Divest Activists University Moving Away from Coal
While Corporation members maintained during the meeting that Harvard will not divest from the fossil fuel industry, they did say the University is currently not investing in the coal industry.
Some Alumni Throw Support Behind HUDS Strike
Some alumni, who say they think the University is treating its employees unfairly, are pledging to withhold donations from Harvard and contribute directly to the union representing HUDS.
‘No Middle Ground’ in Negotiations, Says HUDS Union Leader
Harvard’s striking dining hall workers will not compromise on their “core demands,” their union's lead negotiator said.
Facing Financial Concerns, HUDS Workers are Resolute in Historic Strike
With the historic Harvard University Dining Services strike stretching into its seventh day, HUDS employees say they remain committed to their cause despite increasing personal financial pressures.
Harvard Calls on Employees to Volunteer During Strike
Administrators are ratcheting up efforts to minimize campus disruption and calling for volunteers from the exempt employees within several of its schools to help out HUDS.
Columbia Returns -0.9 Percent with Narvekar, Next HMC Head
Incoming Harvard Management Company CEO N.P. Narvekar oversaw negative 0.9 percent returns on Columbia University’s investments during his last fiscal year on the job.
No Agreement Reached in Latest Dining Workers Bargaining Session
Thursday’s negotiation session between Harvard and the union representing its dining workers did not yield a settlement on a new contract, but the two parties have scheduled another session for Friday.
Harvard Dining Services Picket in Historic Strike
Hundreds of Harvard’s dining service workers began picketing early Wednesday morning, commencing a historic strike precipitated by months of tense—and thus far fruitless—negotiations with the University.
FAS Reserves Dwindling, Dean Says
Cash reserves for Harvard’s flagship Faculty have dwindled to “effectively zero,” Dean of the Faculty of Arts and Sciences Michael D. Smith said at a meeting of the body Tuesday.
Harvard to Issue $2.5 Billion in Bonds
Harvard plans to issue more than $2.5 billion in bonds this week to refinance a portion of the billions of dollars the University borrowed after financial markets crashed in 2008
After Another Negotiation Impasse, HUDS Strike Appears Imminent
“Things are not going well,” Brian Lang, the president of UNITE HERE Local 26, said.
With HUDS Strike Looming, Students Opinions are Mixed
Some students said they would support workers in a potential strike, though many feel they do not know enough about the workers’ negotiations to take a firm stance.
Columbia Endowment Chief Will Lead Underperforming HMC
Columbia University endowment manager N.P. Narvekar will serve as the next CEO and president of Harvard Management Company, taking the reins of the world’s largest university endowment at a time of instability, the University announced Thursday evening.
A Tale of Two Endowments
Should Harvard abandon decades of established investment practices and, in short, start investing like Yale does? Can it afford not to?
Faust Extols HUDS Employee Benefits
With a potential strike looming, University President Drew G. Faust said in an interview Tuesday that she is “very proud” of the health benefits package that hundreds of Harvard’s dining services workers have protested.
‘Disappointing’ HMC Returns Will Pressure Budgets, Faust Says
The near $2 billion drop in Harvard’s endowment will constrain budgets, University President Drew G. Faust said in an interview Tuesday.
Medical School Students Challenge Harvard HUDS Health Care Proposals
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.
Yale Earns 3.4 Percent On Investments, Beating Harvard
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 Loses Almost $2 Billion in Endowment Value
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.
A Guide to Harvard's Endowment
Harvard lost almost $2 billion dollars in endowment value this year. Here’s what that means, why it matters, and an analysis of why it may have happened.
HLS Groups Blast Harvard for Contract Stalemate with its Dining Workers
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.”
HMC Chief Executive Search Narrows
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.
HUDS Strike Vote Leaning Toward an ‘Overwhelming Yes’
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.