Endowment Director Is on Harvard’s Hot Seat - NYTimes.com

What goes up, sometimes goes down too!Endowment Director Is on Harvard’s Hot Seat - NYTimes.com: "....the endowment is on the verge of posting its biggest loss in 40 years. With much of its money tied up for the long term, it is scrambling to meet some obligations.Harvard has frozen salaries for faculty and nonunion staff members, and offered early retirement to 1,600 employee..... [Years ago]