Annual Report
Document Assesses Impact of Financial Crisis, Looks Ahead
The economic crisis was a catalyst for radical shifts in budget management at HBS, which enabled the School to remain cash flow positive and conclude the year ended June 30, 2009, with a strong reserves balance. The HBS Annual Report for fiscal 2009, which will be available online later this month, covers these challenges in detail and provides a preview of financial issues ahead.
Alumni Clubs
Four New Groups Form
The HBS family of clubs and associations grew by four over the past year. New clubs have organized in Birmingham, Alabama, and the United Arab Emirates. Also new are the Green Business Alumni Association and the Lesbian Gay Bisexual Transgender Alumni Association. There are now 88 alumni clubs and associations around the world, 77 based in cities or regions, and 11 based on interests or industries. View a complete list at www.clubhub.hbs.org.
Global Education
Harvard Shanghai Center Set to Debut
Next month, in an exact replica of an Aldrich Hall classroom, the Harvard Shanghai Center will present an Executive Education offering, Driving Corporate Performance – Asia, taught by HBS professor Robert Kaplan. A joint venture of HBS and the Harvard China Fund, the Shanghai site will also be visited in January by a group of HBS students as part of the 2010 MBA Immersion Experience Program. The center’s formal opening will take place in March.
