Chronicle

Levin describes the state of the university

At a Town Hall in February President Levin discussed the effects of the financial crisis on Yale, and offered some good news, too.

About 15 minutes into his Town Hall meeting at the School of Medicine in February, President Richard C. Levin came to the end of what he called “the gloomy stuff.” That would be a discussion of the 2008 market crash, the resulting recession, Yale’s efforts to mitigate a 30 percent decline in the value of its endowment, and a budget gap approaching $60 million. The meeting was the first in a series of presentations by Yale officers that Levin hopes to hold three or four times a year to help faculty, students, and staff “keep abreast of what is going on at the university.” Joining Levin at the February meeting were Provost Peter Salovey, Vice President and Secretary Linda Lorimer, Vice President Shauna King, and...

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