Harvard’s Faust Plots Course for ‘Unified’ School in Crisis

Harvard University President Drew Faust is pushing to knock down traditional budgeting barriers among the school’s independent divisions, after the school lost $11 billion of endowment value last fiscal year.

Harvard must be reshaped for its financial future, Faust said.

“At a time when higher education faces new financial constraints, our work here has never mattered more,” she said.

Read full story (Bloomberg.com)