Cornell Chronicle stories
- Provost leading charge to erase deficit with 'change, aspiration'
Unveiling details of the strategic planning process, dubbed 'Reimagining Cornell,' Provost Kent Fuchs said the two-phase plan will first look at how to downsize and reorganize the university and, second, envision its future. (June 30, 2009) - Share cost-saving ideas on new e-list
As Cornell works to address its financial challenges, it is also aggressively developing programs to help faculty and staff members deal with their own financial challenges. (April 24, 2009) - Hardship Fund application period runs through May 29
As gifts from staff and faculty continue to be made online or sent to the Hardship Fund at 130 Day Hall, applications to the fund are also being submitted. (April 16, 2009) - Campus construction now tracked on new web site
Which campus construction projects are moving forward during the construction pause? A Web site that went live April 15 has the answers. (April 15, 2009) - Library scales back on books, journals, databases
Facing the same budgetary challenges as the university in the coming year, Cornell University Library will reduce acquisitions of library materials by 7.1 percent for fiscal year 2010. (April 14, 2009) - Workshops to offer coping strategies
For the next two months, the Employee Assistance Program will offer workshops on topics such as dealing with loss, including stress from your or a colleague's job loss or retirement, and coping with change. (April 9, 2009) - Cornell's vital agriculture and veterinary roles stressed by N.Y.'s new senator during campus visit
In her first visit to Cornell as New York's junior U.S. senator, Kirsten Gillibrand pledged to advocate for the university's agriculture and veterinary programs as a way of revitalizing New York state's economy. (April 8, 2009) - Weills boost capital campaign with $170M cash gift
Joan and Sanford Weill and the Weill Family Foundation have accelerated a previous pledge to the university with a $170 million cash payment. Their donation will aid the $4 billion capital campaign. (April 8, 2009) - Hardship Fund applications for aid open April 13
The Employee Assistance Program will be accepting applications to the Hardship Fund April 13-May 29. The fund is one of a number of programs designed to help employees in the current economic downturn. (April 3, 2009) - Staff Retirement Incentive program enters next phase
Applications for the SRI program are being reviewed. Letters will be sent to all applicants no later than April 10 informing them of the status of their application. (April 3, 2009) - New Web site stresses sharing, networking on campus
The Caring Community Web site offers links to resources and workshops, and provides avenues for employees to share personal cost-saving ideas. (April 3, 2009) - Cornellians being asked to power down computers to save $1 million a year
A campuswide campaign will encourage students, faculty and staff to join the nationwide Power Down for the Planet challenge to reduce information technology energy consumption. (April 1, 2009) - CU's $500 million bond issue sells out in 30 minutes
With an Aa1 credit rating (out of Aaa) reaffirmed by Moody's Investors Service only the day before, Cornell's $500 million in taxable bonds were snapped up by investors March 26 in less than 30 minutes. (March 30, 2009) - Cornellians are giving to new Hardship Fund
Even before the proverbial ink was dry on the guidelines to the Hardship Fund, the university was receiving inquiries not from those wanting to apply to the fund, but from those who want to give to it. (March 27, 2009) - Supporting workforce during challenging economic times
An April 7 seminar will provide an overview of the support programs that Cornell has developed for its faculty and staff. Advance registration is required. (March 27, 2009) - Alumni Affairs forges plan to strengthen fundraising
As Cornell embarks upon strategic planning to take it to 2012 and beyond, Alumni Affairs and Development, the division responsible for the university's $4 billion capital campaign, is transforming the way it does business. (March 23, 2009) - Skorton gives staff budget update
President David J. Skorton addressed more than 400 staff members March 16, answering their questions about Cornell's $215 million budget deficit. (March 18, 2009) - Retirement plans need careful consideration, HR leaders say
At the first of four retirement forums March 6, Vice President for Human Resources Mary Opperman and human resources staff members fielded questions related to the new staff retirement incentive programs. (March 13, 2009) - Jobs will be lost but also won, faculty told at forum
About 450 faculty members attended a special meeting March 9 to listen to - and ask questions of - President David Skorton, who discussed the university's financial situation. (March 11, 2009) - Trustees put into place last two pieces of recovery puzzle
The Cornell Board of Trustees has voted to issue up to $500 million in taxable bonds and to reduce the endowment payout by 15 percent. These actions are aimed at covering a $200 million budget deficit. (March 6, 2009) - Staff Retirement Incentive program forums scheduled
The new Staff Retirement Incentive program is generating much discussion. To answer questions, a series of open forums is being offered every Friday in March. (March 5, 2009) - Provost says faculty to shrink through attrition over the
next three years
Provost Kent Fuchs outlined plans for fewer faculty, more students and a five-year strategic plan that will tie together goals for the institution, academics and the budget. (Feb. 20, 2009) - e-SHOP tops list of priorities for cost-savings committee
The Campus Savings and Efficiencies Committee says that improving efficiency in e-SHOP as well as in printing and energy use will be among the university's first cost-saving efforts. (Feb. 16, 2009) - New hardship fund will aid employees affected by recession
Mary Opperman, vice president for human resources, describes help for Cornell employees facing difficulties due to the recession. (Jan. 29, 2009) - Phlegar: Annual gifts on pace as new campaign giving dips
Charles Phlegar, vice president for alumni affairs and development, talks about how the economic downturn is affecting fundraising and the capital campaign. (Jan. 29, 2009) - Planning begins on budget cuts for 2011
Beginning early February, Executive Vice President Stephen Golding and Provost Kent Fuchs will begin a strategic planning process with the goal of looking ahead to fiscal year 2010-11. (Jan. 29, 2009) - Board of trustees meeting notes
In addition to approving budget cuts at its Jan. 22-24 meeting, the Cornell Board of Trustees also approved a tuition rise, a new B.A. and a named professorship. (Jan. 29, 2009) - Despite downturn, Cornell's endowment is in good shape, chief investment officer says
James Walsh puts Cornell's endowment performance in historical context, saying while it has decreased by 27.3 percent in the past six months, on average it has increased by 6.7 percent each year over the past five years. (Jan. 27, 2009) - Trustees approve budget cuts
In a statement regarding actions taken by the board of trustees, President David Skorton urges community involvement to protect Cornell's strength. Actions include extended hiring and construction pauses, and tuition rises. (Jan. 25, 2009) - Taking control of life in a time of uncertainty
Linda Starr of Cornell's Employee Assistance Program suggests ways to cope with the winter blues and financial uncertainties. (Jan. 23, 2009) - Credit counseling service helps employees control spending
Cornell has contracted with Consumer Credit Counseling Service of Central New York to provide financial counseling at no cost to faculty and staff members. (Jan. 23, 2009) - An interview with Cornell President David Skorton
President David Skorton talks with Cornell Chronicle editors about how he is leading the university through the economic downturn and why he is optimistic about the university's future. (Dec. 12, 2008) - How are Cornell's peers cutting costs?
As Cornell tries to pare its own operating expenses, peer institutions are also dealing with the recession. (Dec. 8, 2008) - Cost-cutting forums generate flurry of ideas
The last in a series of cost-cutting forums generated a flurry of ideas on how Cornell can streamline its operations. (Dec. 8, 2008) - TIAA-CREF top analyst advises employees on investing
Brett Hammond, TIAA-CREF's top analyst, advised 240 Cornell faculty and staff members on investing savings during volatile times at a Nov. 18 retirement investments seminar. (Dec. 5, 2008) - Staff offer cost-cutting ideas at three forums
Employees offered suggestions for cost savings at an open forum in the Biotechnology Building. (Dec. 2, 2008) - What's in Skorton's suggestion box?
More than 200 people have offered Cornell President David Skorton ideas on how Cornell could cut costs. The Campus Savings and Efficiencies Committee is assessing the suggestions. (Nov. 20, 2008) - Internal hiring program protects current workers
Staff members across campus are taking to heart President Skorton's recent directive: Protect the university's human capital. In a new initiative, employees now have special access to open jobs at Cornell. (Nov. 13, 2008) - Cornell enhances financial aid for undergraduates
The university will further bolster its financial aid program for undergraduates by eliminating parental contribution for family incomes below $60,000, and further reducing student loans. (Nov. 13, 2008) - Skorton holds second forum on cost-saving measures
People's jobs are 'the first thing on my mind when I get up in the morning, and the last thing on my mind when I go to bed at night,' President David Skorton said at the Nov. 6 forum. (Nov. 7, 2008) - Skorton holds forum on cost-saving measures
Speaking at the first of two public forums about the university's possible cost-saving measures, President David Skorton pledged to protect the university's 'human capital.' The second forum will be held Nov. 6. (Nov. 6, 2008) - Address to staff: Help with university challenges
In his annual address to staff Oct. 27, Cornell President David Skorton said staff can help contain costs in various ways. (Oct. 31, 2008)
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- July 1, 2009
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- March 17, 2009
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