Dean of the Faculty of Arts and Sciences Michael D. Smith, a computer scientist with years of teaching under his belt, assumed a professorial role at yesterday’s Faculty meeting and used a popular lecture tool—a PowerPoint presentation.
The Faculty of Arts and Sciences has reduced its deficit to $80 million, signifying a drop that FAS Dean Michael D. Smith credited at yesterday’s Faculty meeting to alumni donations, improvements in the international financial market, and last year’s cost-cutting measures.
The Faculty of Arts and Sciences has cut down its deficit to $80 million, which amounts to a $30 million decrease since FAS Dean Michael D. Smith announced in September that the University’s largest school had cut half of its projected deficit, according to a high-ranking FAS administrator.
Faculty of Arts and Sciences Dean Michael D. Smith delivered a notably optimistic financial outlook for FAS yesterday, though the University’s largest school faced a projected $110 million annual deficit as of Sept. 15.
The Faculty of Arts and Sciences and four of the University’s professional schools offered a voluntary retirement program yesterday to eligible members of their faculties, marking the culmination of months of planning initiated by the fiscal troubles of the last academic year.
The Faculty of Arts and Sciences and four of the University's professional schools offered retirement plans to members of their faculty earlier today, marking the realization of an idea that surfaced when it became clear last fall that the University's endowment would be hard-hit by the financial crisis.