4-22-09: Stanford: Hennessy to address financial state of the university

Faculty, staff and students are invited to join President John Hennessy at the annual meeting of the Academic Council at 3:30 p.m. Thursday, April 30, in Kresge Auditorium, where he will review the accomplishments of the past year and discuss Stanford's financial situation.

Following Hennessy's presentation, a panel of experts will discuss the recent economic events that have buffeted the university, causing an unprecedented decline in its endowment and continuing budget reductions across the campus.

John Shoven, the Charles Schwab Professor in Economics, will moderate the discussion. The panelists are:

John Taylor, the Mary and Robert Raymond Professor in Economics and a senior fellow at the Hoover Institution;

Darrell Duffie, the Dean Witter Distinguished Professor in Finance at the Graduate School of Business;

Kathryn Hall, MBA '84, chief executive officer and chief investment officer at Hall Capital Partners, an investment firm that builds and manages investment portfolios for individuals, families and institutions.

In addition, sociologist Karen Cook, the Ray Lyman Wilbur Professor and chair of the Faculty Senate, will present the Report of the Senate of the Academic Council at the meeting.

http://news.stanford.edu/news/2009/april22/academic-council-042209.html