Asymmetric Information and the Cost of Labor vs. Management
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Coming to a blog near you real soon now. Highlights:
Talk ain’t always cheap.
Maintenance deferred is maintenance denied.
Fixing a hole where the rain gets in.
What’s up with the endowment?
This one’s easy. Way up! 9% in 10 months. Due largely to commodities! Now before you say oil. Wheat, copper, and other commodities are up too. Of course, that may be passed along cost from higher oil. Then there’s food prices which the World Bank says went up 75% due to biofuel. Then there is the debate about how much of the price rises are due to speculation. And a new unexpected weirdness. I agree with Joe Lieberman on something! Large institutional investors, like Harvard, should not be allowed to speculate in energy and food.
And we save how much by de-unionizing labor?
So what are Allied-Barton and Harvard administrators talking about all this time?
The old contract was supposed to expire on June 30, 2008. Like a week ago. Nothing has been heard. BTW, the guards at Harvard Medical School don’t wear Allied-Barton whites. I shall make further inquiries.
