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Skorton Forgoes a Salary Increase in Light of Economy
December 4, 2008 - 12:00amCornell, like other universities across the country, is being forced to adapt to the recent economic crisis. In response, the administration has instituted a 90-day construction pause and a non-professional hiring freeze to limit expenses. But despite the conserve-and-cut mentality that has gripped students and universities alike in the wake of the economic meltdown, university presidents across the country are earning more than ever.
Skorton Hosts Forum About Economic Plan
November 6, 2008 - 12:00amYesterday afternoon, President David Skorton spoke to faculty, staff and students in Bailey Hall about the effect of the current economic crisis on the University.
“After looking at the situation, I still can not be exactly sure of what the downturn in the economy is going to do to Cornell,” he said. Still, he stressed that “we need to approach this calmly.”
Looking ahead: President David Skorton speaks about C.U.’s response to financial troubles and fielded questions from the audience.
Skorton Responds to Budget Cuts
Plan includes hiring pause and 90-day construction hold
October 30, 2008 - 11:00pmPresident David Skorton outlined several measures the University will take to combat state budget cuts and revenue losses resulting from the Wall Street crisis in a e-mail sent to the Cornell community yesterday. Though the long-term effects of the current state of the economy will not be known for several years, actions will be taken immediately in anticipation of further cuts and continued losses.
“While we cannot be certain about the dimensions, depth and duration of the difficulty, we are confident Cornell is in a good position to adjust operations and budget to address a loss in revenue in the wake of the financial crisis, relying on the institutional expertise and commitment of faculty, staff, alumni, students and friends,” Skorton stated.
New Campus Code Gets Skorton’s Nod
April 28, 2008 - 11:00pmThe Campus Code of Conduct is quickly passing the remaining hurdles on its way to final implementation. Yesterday, in a letter to Rodney Orme, employee chair of the University Assembly, President David Skorton endorsed the current version of the Code.
“I look forward to working with the Judicial Administrator to employ law students in the prosecution of violations to the Code,” Skorton wrote.
The letter — which came just five days after the U.A. re-passed the code — further thanked the Codes and Judicial Committee and the U.A. for their many hours of work in helping to revise the Code since Skorton first rejected it in February.
Capital Campaign Ahead of Schedule
October 10, 2007 - 11:00pm“We have work to do,” said President David Skorton on Oct. 26, 2006 when he officially announced the launch of Cornell’s capital campaign.
Less than a year later, it seems the administration has taken its president’s words to heart, having raised $1.72 billion out of the proposed $4 billion over five years.
“The campaign has made very strong progress since our public launch last October,” said Jim Mazza, campaign director. “During the past fiscal year, which ended June 30, Cornell had its most successful fundraising year in its history, with $754.8 million in new gifts and commitments, with nearly $300 million designated to priorities on the Ithaca campus and the balance to initiatives at Weill Cornell Medical College.