Yale avoids cuts, for now
Of all the schools that make up Yale, the one that appears to be first to respond to the economic downturn seems to be — fittingly — the business school.
The School of Management’s deputy dean, Stanley Garstka, said he is now combing through a spreadsheet model of all the school’s programs and expenses to cut back on some expenditures, such as food at events. The school is not freezing hiring, but it did withdraw four job postings that Garstka said the school could no longer afford to fill. SOM, he said, is taking preemptive measures now in the hopes of avoiding more drastic cuts...
Princeton has just cut $300 million in capital projects; I wonder if Yale will have to follow suit.