Harvard looks to tighten its belt

Wage, budget freeze could be among options

By Tracy Jan

Globe Staff / November 11, 2008

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Even the world's richest university is feeling the pinch from the economic downturn. Harvard's president, Drew Faust, said yesterday that the university is looking for ways to reduce spending across the campus, raising the specter of cuts to programs and compensation, as Harvard's endowment plummets. It is also assessing all aspects of its sweeping plan to expand across the Charles ... (Full article: 752 words)