What Happens to Recruitment and Retention of UC Faculty When the Privates Discover They Ain’t Poor?
When the stock market fell and rich higher ed institutions such as Harvard looked at the absolute value of their loss, they froze in panic and cut budgets. But yours truly predicted that the day would come when the Harvards and Stanfords of the world would realize that they are still rich with what remains. (Their losses would be proud endowments for many institutions!) That realization is beginning to settle in – as the excerpt below from the Boston Globe indicates. Harvard is making various adaptations to increase its liquidity. It has suspended certain additions to its physical plant. Now…