The Chronicle T h e i n d e p e n d e n t d a i ly at D u k e U n i v e r s i t y
Friday, September 18, 2009
ONE HUNDRED AND FIFTH YEAR, Issue 21
www.dukechronicle.com
Alum seeks Budget woes linger as donations drop Kennedy’s Senate seat by Toni Wei
The chronicle
Stephen Pagliuca, Boston Celtics coowner and a managing director of Bain Capital, announced his candidacy Thursday for the U.S. Senate seat left vacant by the death of Sen. Edward Kennedy. Pagliuca, Trinity ’77, is new to the political arena but said he will draw upon two decades of experience as a private equity investor should he be elected. “I got approached by several prominent Democratic people in Boston,” he said. “Many people were looking for someone who had onthe-ground experience Stephen Pagliuca because of the bad economy, to try to get us out of it, and I said I would try and do that.” Pagliuca, a former chairman of the Trinity College Board of Visitors at Duke, also serves as president of the Boston Celtics Shamrock Foundation and is a member of the World Economic Forum. He said his background in economics means he brings a valuable perspective to the party. “I’m really running on the theme that we’ve got to get a better partnership between government, business, educational institutions and unions to work together,” he said. “Our issue is, we’re in the global economy now, and we have See pagliuca on page 4
Michael naclerio/The Chronicle
Vice President for Human Resources Kyle Cavanaugh announces a second round of early retirement incentives at a forum Thursday. The new program is a part of Duke’s continuing efforts to manage lower endowment payouts and a 22-percent drop in private donations. Three other university administrators also spoke at the event.
Private donations down 22% after record-breaking year
Admins extend early retirement incentives to monthly employees
by Julia Love
by Lindsey Rupp and Zachary Tracer
Duke raked in just $302 million in private donations between July 2008 and June 2009, a 22-percent drop from the previous fiscal year’s total, Michael Schoenfeld, vice president for public affairs and government relations, confirmed. Duke shattered fundraising records during the 2007-2008 fiscal year, raising more than $385 million in private gifts, Schoenfeld said. This year, the development office managed to keep the number of donors steady at about 100,000, but the final dollar tally of the donations lagged far behind. Turmoil in the markets is to blame for the drop in donations, Schoenfeld said. “There’s no question that the economy took a toll on fundraising at Duke, as it did at many places,” he said. “People who
Duke’s payroll will likely become slimmer still, after an announcement Thursday that the University will offer early retirement incentives to some salaried employees. The latest retirements are a small step toward cutting the University’s budget by $125 million over three years. About 100 salaried employees will be given the option to retire early starting in October, Vice President for Human Resources Kyle Cavanaugh announced at a Primetime Employee Forum called “The Duke Economy—A Year Later.” Cavanaugh estimated that 10 to 20 of them would choose to retire by a Dec. 31 deadline. Executive Vice President Tallman Trask said in an interview that these retirees will save the University less than $5 million this year.
See donations on page 12
See budget on page 5
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NYT columnist draws hundreds in Page event by Lindsey Rupp The chronicle
chase olivieri/The Chronicle
New York Times columnist and author Nicholas Kristof addresses a crowd of 800 to promote his new book in Page Auditorium Thursday.
New York Times columnist Nicholas Kristof once bought two women from a Cambodian brothel. One went on to start a family, the other returned to the brothel, but both may have inspired students to support women’s rights. About 800 people filled Page Auditorium Thursday night to hear Kristof promote “Half the Sky: Turning Oppression into Opportunity for Women Worldwide,” his new book coauthored with his wife Sheryl WuDunn. Kristof shares one of his two Pulitzer prizes with WuDunn. The event, co-sponsored by the Baldwin Scholars program the Women’s Institute for Secondary Education and Research and other campus organizations, was the first stop on Kristof’s book tour. “In the 19th century, the central moral challenge was slavery. In the 20th century, it was totalitarianism. In this century, it is the oppression of women and girls throughout the world,” Kristof said. Kristof estimated more than 100 million women are missing from the planet due to sex trafficking and unequal access
ONTHERECORD
“People are interested in supporting local economies and knowing where their food comes from.”
—Graduate student Joshua Stoll on Walking Fish. See story page 3.
to health care, education and food. Projecting photos of the women whose stories he told, Kristof described the personal trials of women who were starved so their brothers could eat, who were sold into brothels and who were barred from school because of its cost. But he said there are ways to end this oppression. “The greatest unexplored resource in developing countries isn’t gold, it isn’t oil, it’s the female half of the workforce,” Kristof said. If efforts are made to educate women and help them gain economic leverage, Kristof said women are likely to use their skills and incomes to better their families’ and their villages’ situations. Kristof reminded the audience that it will not be able to single-handedly fix every problem. And sophomore Catherine Joseph said that although she was moved by the stories, she knows the scope of the issues is daunting. “It was a little disheartening that we only heard the success stories, because for every success story we don’t know how
Football: Statement game Duke takes on No. 22 Kansas in nonconference matchup, PAGE 6
See kristof on page 12
Blue Devils head to Chapel Hill, Page 6