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PRE SE RVI N G CORE ACTIVITI ES
2009
POSITIONING FOR THE FUTURE
ANNUAL REPORT
contents
A Conversation with Dean Jay Light . . . . . . . . . . . . . 2
Five-Year Financial Data Summary . . . . . . . . . . . . . . 5
From the Chief Financial Officer. . . . . . . . . . . . . . . . 6
Statement of Activity Cash Flows . . . . . . . . . . . . 12
Consolidated Balance Sheet . . . . . . . . . . . . . . . . . 13
Supplemental Financial Information . . . . . . . . . . . . 14
“ I believe we have been successful
in preserving the integrity of the
learning experience, our commitment
to financial aid for students, and
our investments in faculty research.
We’re staying true to our mission.”
dea njay light
A Conversation with Dean Jay Light
Can you talk about how the School responded to the The financial crisis prompted criticism of business
global economic crisis and what you’ve learned as a leaders and raised questions about the relevance of
result? the MBA. What are the implications for HBS?
It was a pretty remarkable time to be on campus. One The financial crisis shined a light on leadership—good
of the benefits of having a curriculum based on case and bad. Clearly there are areas where business schools—
studies is our ability to respond in real-time, so each HBS included—need to be doing more.At the same
week I’d hear new examples of how faculty were in- time, the crisis revealed just how deeply important
corporating elements of the evolving crisis into their the MBA and management education are in preparing
courses. One f
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