Ultimately, the complacency of many faculty members comes from the fact that they have faith in the expertise of the Corporation and the central administrators.
“I’m not a financial wizard in the stock market,” Gabrielse says. “[The Corporation] has to be prudent in averaging out the hills and the valleys. I haven’t tried to second guess them because, quite frankly, they’re better at it than I am.”
—Staff writer Daniel P. Mosteller can be reached at dmostell@fas.harvard.edu.
—Staff writer Kathryn L. Rakoczy can be reached at rakoczy@fas.harvard.edu