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Harvard University’s Anal-Retentive Issues Regarding its Wealth…

… come into conflict with some of its employees. Grudgingly, Harvard arrives at a tentative agreement with its dining workers.

[O]ne of the Harvard endowment’s managers earned more than $11 million in 2013. The school’s president, Drew Faust, makes in the upper six figures, but also has access to perks like an official residence and retirement benefits that take total compensation north of a million dollars annually…

Yet at the same time as the school’s top officials have pulled in lofty salaries and as big corporations beyond school gates have rebounded in the ensuing years, hourly-wage workers have continued to struggle, with median weekly earnings just surpassing a 2009 peak this March. Elite universities, which employ both highly compensated, highly respected academic leaders and low-wage workers who sometimes feel invisible, offer a depressing illustration of the widening gap between the richest and the poorest Americans.

Margaret Soltan, October 25, 2016 5:43PM
Posted in: harvard: handouts

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