The CEO and two other senior officials of the Harvard Management Co., Harvard University's investment arm, are leaving their jobs or plan to do so soon, following years of disappointing investment returns, Bloomberg reported. For the five years ending June 30, 2013, Harvard saw average returns of 1.7 percent, compared to 6.8 percent at Columbia University and 5.4 percent at the University of Pennsylvania.
The University of Southern California and the Scripps Research Institute are in talks about an affiliation or even an acquisition of the institute by the university, The Los Angeles Timesreported. Scripps is an acclaimed free-standing research institute with campuses in California and Florida. Officials cautioned that there is no imminent agreement, just a continuing discussion.
The Faculty Association at Pensacola State College in Florida has rejected a contract deal in part because course load and overage concerns, the Pensacola News-Journal reported. Paige Anderson, an English instructor who is president of the American Federation of Teachers- and National Education Association-affiliated faculty union, said the proposed contract would have been punitive to the college's vocational, clinical health occupations and collegiate high school faculty. Anderson said the contract called for the elimination of overload for those faculty and a renegotiation of course load "points," so that those instructors would have had to teach 4.5 additional hours per week, to 22.5 hours. The rest of the faculty would have been unaffected, with a 15-credit course load per semester. But Anderson said the move was a show of solidarity for the minority group of affected faculty members and concern over the college's ability to retain and attract health professions faculty, including nurses, under those terms. Anderson said state funding for the affected fields was lower than for other disciplines, and the college was attempting to compensate on the backs of the faculty.
A university spokeswoman said via email that a change in load points would not added hours to the faculty work week, but rather would have shifted hours between teaching, office and "other professional activity hours."
“The college will return to the bargaining table and continue to negotiate in good faith,” President Edward Meadows said in a statement, “and the college will remain focused on fulfilling our mission of providing access to high-quality education.”
The National Labor Relations Board on Friday upheld an earlier, Atlanta-based NLRB judge's decision that Laurus Technical Institute violated the National Labor Relations Act when it enacted a "no gossip" rule for employees, including instructors. The for-profit institution's policy prohibited employees from talking about other employees' personal lives while they were not present, other employees' professional lives if their supervisors were not present, and spreading rumors.
The earlier decision found the policy to be so "overly broad and unlawful" as to prohibit employees from complaining about any aspect of their work lives, and the national board agreed. It also agreed that Laurus was in violation of the labor relations act when it terminated an admissions employee who was found to be in violation of the no-gossip rule. Jeffrey A. Schwartz, Laurus's attorney, said via email that the decision was "not well founded."