Friday, February 13, 2009

Employee Buyouts at Harvard

On the heels of TaxProf Blog's Paul Caron's post yesterday about law schools having lay-offs and the like as a result of the financial crisis, the Chronicle of Higher Education reports that Harvard University will offer buyouts to 1,600 employees due to the crisis.  Here is an excerpt:

Harvard University will offer buyouts to 1,600 workers, or almost 10 percent of its nonfaculty employees, to help deal with the loss last year of $8-billion from its endowment, the Bloomberg news agency reported.

For the full story, see "Harvard Offers Buyouts to 1,600 Employees" in the February 12, 2009, issue of the Chronicle of Higher Education.

DAB

http://lawprofessors.typepad.com/nonprofit/2009/02/employee-buyout.html

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