CORRECTIONS
The table “Selected other university president’s 2010 compensation” that accompanied last Friday’s article about top salaries at MIT incorrectly listed the compensations for President Hockfield. Hockfield’s 2010 paid and total compensations were $832,629 and $1,000,969, not $1,260,427 and $1,316,463, respectively.
FSILG participation in orientation grows
The Review Committee on Orientation’s (RCO) final report, which was released in April, and an accompanying MIT News Office press release, misleadingly suggested that individual FSILGs would be able to participate in the Orientation Activities Midway. Individual fraternities, sororities, and living groups (FSILGs) will not have booths at the Midway, but the broad FSILG presence during Orientation will be expanded for informational purposes, according to MIT officials.
MIT’s top salaries released; Hockfield breaks $1M
MIT has released its compensation and salary data for calendar year 2010, as part of MIT’s 2010 tax return filed on May 15, 2012. (MIT’s 2010 tax year is its fiscal year 2011: from July 1, 2010 to June 30, 2011.) President Hockfield broke the $1 million dollar barrier in her total compensation for the first time for any MIT president.
Reif selected as MIT’s 17th president
Provost L. Rafael Reif was elected MIT’s 17th president last month at a special meeting of the MIT Corporation. He will officially replace President Susan J. Hockfield, who has served for seven years, on July 2, 2012.
Sal Khan to deliver 2012 address
MIT’s 146th Commencement exercises will take place this morning on Killian Court, where more than 2,400 graduating students will receive about 3,200 degrees.
RLAD proposal stirs policy debate
This fall, many dorms will see new faces in their house teams in the form of Residential Life Area Directors (RLAD). RLADs will live in the dorm and assist housemasters and Graduate Resident Tutors (GRT) with administrative and operational tasks. These changes were revealed last week, when an anonymous source leaked a letter, written by Chancellor W. Eric L. Grimson PhD ’80 to MIT housemasters, that spoke of imminent changes in residential life. The information caught many students and GRTs off-guard, sparking campus-wide controversy and debate.
Selected other university presidents’ 2010 compensation
Selected other university presidents’ 2010 compensation
Outside compensation of MIT officers serving as directors of public companies
Outside compensation of MIT officers serving as directors of public companies
Additional materials on Kyaw accident expected
The Tech has filed public records requests seeking additional information about the accident investigation into the death of Phyo Kyaw ’10. Kyaw was killed on Dec. 27 when his bicycle was run over by an 18-wheeler at the intersection of Massachusetts Avenue and Vassar Street.
President will be announced tomorrow
MIT will announce its 17th president tomorrow morning after a special meeting of the MIT Corporation, according to a press release from the MIT News Office. The Corporation will elect Susan J. Hockfield’s successor, who has been picked after a 3-month long search process conducted by a joint faculty-Corporation committee.
Reif is new MIT president
Provost L. Rafael Reif was elected MIT’s 17th president this morning at a special meeting of the MIT Corporation. He will officially replace President Susan J. Hockfield, who has served for seven years, on July 2, 2012.
Kyaw report closed
The investigation into the Dec. 27, 2011 death of Phyo Kyaw ’10 is complete, and it has been ruled an accident. Kyaw was killed when his bicycle and a J. P. Noonan tanker truck collided as the truck turned right from Massachusetts Avenue onto Vassar Street in rainy weather after dark that evening.
Warnings said to be unheeded by JPMorgan Chase
In the years leading up to JPMorgan Chase’s $2 billion trading loss, risk managers and some senior investment bankers raised concerns that the bank was making increasingly large investments involving complex trades that were hard to understand. But even as the size of the bets climbed steadily, these former employees say, their concerns about the dangers were ignored or dismissed.
IS&T deploying cell antennas
Information Services and Technology is deploying antennas and amplifiers in buildings across campus to improve cellular reception.
CoolChip within rules
On April 11, Chancellor Eric Grimson PhD ’80 concluded a review of an intellectual property rights situation with CoolChip Technologies, winner of the 2011 MIT $200K Clean Energy Prize (CEP) Contest. He found that the CoolChip did not violate the rules of the competition, but “was misleading in some of its public presentations.” Grimson said in an interview with The Tech in September that he would be working with the leadership of the CEP to review their rules regarding intellectual property and attribution issues. Since then, he said, he has personally conducted interviews with the three CoolChip founders, the relevant faculty, staff, and students, and the staff of Sandia National Laboratories, which invented the technology in question. Grimson also reviewed CoolChip’s contest submission and the CEP’s rules.
Prepared remarks by L. Rafael Reif, president-elect
Reif gave the following remarks at events throughout the day Wednesday. Via the MIT News Office:
The Tech’s news digest for May 15
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