[1545] in Discussion of MIT-community interests
Re: NYTimes.com Article: M.I.T.’s President Is Expected to Announce His Retirement
daemon@ATHENA.MIT.EDU (Satwik Seshasai)
Fri Dec 5 12:15:54 2003
Date: Fri, 5 Dec 2003 11:54:26 -0500
From: Satwik Seshasai <satwik@MIT.EDU>
To: MIT-Talk@MIT.EDU
In-Reply-To: <20031205054951.9DB5E35042@web38t.prvt.nytimes.com>
Here's an old column from The Tech, on possible Vest replacements and
student involvement in the search...much of it still seems to ring true:
http://www-tech.mit.edu/V120/N47/col47mcgan.47c.html
Satwik
PS-the-tech's Vest retirement article:
http://www-tech.mit.edu/Bulletins/vest-retirement.html
At 12:49 AM 12/5/2003 -0500, fyfer@MIT.EDU wrote:
>This article from NYTimes.com
>has been sent to you by fyfer@mit.edu.
>
>
>Goodbye to Chuck?
>
>fyfer@mit.edu
>
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>M.I.T.’s President Is Expected to Announce His Retirement
>
>December 5, 2003
> By KATE ZERNIKE
>
>
>
>
>
>The president of the Massachusetts Institute of Technology,
>Charles M. Vest, is expected to announce his retirement at
>a meeting with trustees on Friday morning, people close to
>him and the board have said.
>
>Dr. Vest, 62, has been president of the university for 13
>years, an unusually long tenure for a modern college
>president and the second longest in the institute's
>history.
>
>His presidency has reflected the challenges of leading a
>university in the modern era, and made him a leader in
>higher education nationwide, particularly in scientific
>research.
>
>When Dr. Vest took office, M.I.T. was heavily dependent on
>federal research money, particularly from the Energy and
>Defense Departments. He recognized that as the cold war had
>ended so would government largesse, and he began generating
>more private money from scientific companies to pay for
>research.
>
>Dr. Vest also lured 18 of the 25 largest gifts in the
>university's history.
>
>Its endowment has risen, to $5.1 billion from $1.4 billion
>when Dr. Vest took office, despite the drop in the stock
>market that hurt almost all colleges and universities over
>the last few years.
>
>He also added to investments in the life sciences,
>recognizing the importance that fields like genetics and
>biotechnology would have in the 21st century.
>
>He hired more than half the faculty members now at the
>university.
>
>Dr. Vest was praised for his candor in 1999 when the
>institute admitted that it had discriminated against
>faculty members who were women for many years and in many
>ways, from lower salaries to smaller laboratory space. The
>admission has spawned efforts at universities across the
>country to correct discrimination against women in the
>sciences.
>
>He also dealt with enduring problems of student life like
>drinking and mental health. The death of a freshman, Scott
>Krueger, from an overdose of alcohol in 1997 after a
>fraternity hazing, highlighted the alienation many students
>felt at the university, largely because so many had lived
>in fraternities and independent houses around Boston and
>Cambridge, Mass., since the institute was chartered in
>1861.
>
>The death resulted in a $6 million settlement with Mr.
>Krueger's parents and the construction of three
>dormitories, along with a requirement beginning in 2001
>that freshmen live on campus.
>
>Dr. Vest, a mechanical engineer who was provost at the
>University of Michigan, is expected to stay through the
>summer or until a successor is chosen.
>
>http://www.nytimes.com/2003/12/05/national/05MIT.html?ex=1071603391&ei=1&en=1597a748cb56cbfc
>
>
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