Harvard University has retained its “triple-A” credit rating—the highest possible—from two major rating agencies as it prepares to issue about $1 billion in new bonds next week. The favorable rating allows Harvard to borrow at low interest rates.
In an effort to streamline the University’s capital planning, Harvard Executive Vice President Katie N. Lapp has implemented a more rigorous and centralized process for reviewing each school’s building plans.
At a time when the moral values of financial firms are being publicly questioned, the widow of a multibillionaire banker has donated $12.3 million in support of Harvard’s interfaculty initiative on ethics, the University announced yesterday.
When Facebook founder Mark E. Zuckerberg ’06 thumbed his nose at Harvard’s administration and created a social networking site he, now famously, declared “I can do it better than they can, and I can do it in a week.”
A federal district court judge has issued an injunction against the enforcement of the military’s “Don’t Ask, Don’t Tell” policy, raising the possibility that University President Drew G. Faust might move to recognize the Reserve Officer Training Corps on campus.
Harvard Medical School has eliminated its pathology department and moved two growing departments to other real estate on campus amid pressure to accommodate the space needs of expanding departments, according to a recent letter sent to faculty by Medical School Dean Jeffrey S. Flier.
Upping the ante in the ongoing debate over the Reserve Officer Training Corps’ status at Harvard, Mass. Sen. Scott P. Brown posted a petition on his campaign web site yesterday encouraging constituents to speak out against Harvard’s ban of the program.
On the heels of an abysmal year for money managers in 2009, university endowment results released in recent weeks show strong investment returns for the year ending June 30, 2010, although different forms of asset allocation have led to significant variations in performance between different schools.
The Obama administration emphasized Harvard’s policy in its announcement that Summers would resign his post, but many critics publicly wondered whether the University could not have made an exception for someone of Summers’ stature. The answer, University officials and professors said, is no.