The Stanford Daily
Univ.hopes for appropriate yield
By CHRISTINE MCFADDEN
SENIOR STAFF WRITER
After decisions were mailed tostudents on March 31,the stress of admissions season shifted instantlyfrom high-school students toUniversity administrators.While thecalculus of how many students willeventually accept Stanford’s offer of admission is always complex,therecession and new Housing planhave conspired to make spring moredifficult than usual for the Office of Admission and Student Housing.Because of this year’s addeduncertainty,administrators arebeing exceptionally careful.“We admitted fewer students thisyear because,as an institution thatguarantees housing,it is importantthat we do not over-enroll the fresh-man class,”said Director of Admission Shawn Abbott.This year’s class of 2,300 admits (a7.6 percent admit rate) is 100 studentssmaller than last year’s class of 2,400admits (a 9.48 percent admit rate).“While it is impossible to predictprecisely how many students willmatriculate,admitting 100 fewer stu-dents this year was a strategy topotentially avoid over-enrolling thefreshman class,”Abbott said.The targeted number of under-graduate matriculates for Fall 2009is 1,700,according to Abbott.The new Housing Master Planfor next year includes significantchanges,such as the addition of Crothers Hall to undergraduatehousing and the reconfiguration of rooms in Mirrielees,Lagunita,Roble,Branner and Toyon.Abbott said these dorms aregoing through an “un-stuffing”process,which will allow for morepersonal and common space for stu-dents,with the goal of creating amore spacious and convenient hous-ing situation.Because Stanford guarantees stu-dent housing,dorms in the past wereoften “stuffed,”or changed fromtheir original construction plans tofit more students.Student Housing said thatdespite the significant changes thatcome with the Housing Master Plan,the link between the Office of Admission and Housing was no dif-ferent this year from previous years.“Housing has always had a veryclose working relationship with [theOffice of Admission],and therehave not been any significantchanges to that relationship or tothe admissions goals this year,”saidMarie Oamek,Student Housing’sstrategic information and standardsmanager.“Our two departments alwayswork closely together this time of year to plan for the arrival of eachnew freshman class in fall quarter,and to meet our four-year housingguarantee,”Oamek added.“If theyield numbers change significantlyfrom the estimates we’ve plannedfor,we work together to find roomfor additional freshmen,or to fillspaces which had been planned forfreshmen with upperclass students.The goals for this year,however,arenot significantly different from lastyear,and have not been influencedby the Housing Master Plan.”The Master Plan,which includescreating more concentrated all-froshcomplexes,such as Stern and Wilbur(with the exception of ethnic-themed houses Okada and CasaZapata,which will remain four-class),was in part created to providea better all-frosh experience,accord-ing to administrators.
Contact Christine McFadden at email@example.com.
By ELIZABETH TITUS
In the latest round of University-mandatedbudget cuts,the Stanford Alumni Association,the Development Office and Division of Land,Buildings & Real Estate all announced 15 per-cent budget cuts this week.The cuts alsoincluded 49 layoffs.The Alumni Association laid off 10 employ-ees on Tuesday and faces an upcoming $2.7million budget cut,according to AssociationPresident Howard Wolf.Three more employ-ees left voluntarily,six took a time reductionand four vacant positions were eliminated.The Development Office laid off 19employees and the Division of Land,Buildings& Real Estate laid off 20.Wolf would not say which positions wereeliminated,but he said that almost everyAlumni Association department was affected.He added that those laid off would remain onthe payroll for two months,allowing them totell prospective employers that they are stillemployed at Stanford.They will also be com-pensated for severance time.He went on to cite several cost-saving meas-ures that the Alumni Association will take,including the reduction of printed materialsand the elimination of certain in-person com-ponents of an alumni continuing studies pro-gram.The Association,which serves some 202,000alumni worldwide,is funded by three sources:the general fund,a lifetime membership fundinvested in the endowment and several busi-nesses,such as Stanford Sierra Camp.According to Wolf,all three sources areunder “tremendous pressure.”Despite cuts,he said that alumni are stillconfident in the University’s leadership.“Stanford’s alumni have tremendous faithin the President and the Provost,”Wolf said.“All the indications I’ve had in discussions...suggest that they’re actually very comfortablethat we’re looking at these things strategicallyand responding appropriately.”For Wolf,the laying off of workers was dif-ficult,as some had worked at Stanford for 20years.“The formal way to describe that is you’reeliminating positions,but the fact of the matteris,those positions are filled by real people whodo great work,care deeply and try hard,”Wolf said.“Behind every position is a person,andbehind every person is a life.”Administrators at the Development Officeand Division of Land,Buildings & Real Estatewere not immediately available for commentat press time.The Daily will have additionalcoverage of the latest round of layoffs nextweek.
Contact Elizabeth Titus at firstname.lastname@example.org
Alumni Association lays off10,slashes $2.7 million from budget
ISAAC GATENO/The Stanford Daily
Admits for the Class of 2013 stack their bags in the Arrillaga Alumni Center and anxiously wait around to be shep-arded to their dorms. Stanford is expecting 1,300 prospective freshmen to visit over the course of the weekend.
Livingston said that a $1 billiondebt issuance made sense because$800 million is approximately equalto one year of payout from theendowment to support Universityoperations.The University started consider-ing a debt issuance about three tofour months ago and discussed thepossibility at both the February andApril Board of Trustees meetings.Formal approval was obtained fromthe Trustees at the latter meeting.“This debt offering is out of theordinary because of its size,”Livingston said.“In the past,weborrowed money for facilities andequipment.This is unusual becausewe’re borrowing for liquidity pur-poses.”Goldman Sachs,JP Morgan andMorgan Stanley were joint under-writers in this bond issuance.According to a Goldman docu-ment,the debt is expected to berated triple-A,and tranche sizeswill each be at least $250 million.All three of the nation’s majorcredit-rating agencies—Moody’sInvestors,Fitch Ratings andStandard & Poor’s—do currentlygive Stanford debt a triple-A creditrating,which is the highest possiblerating.“Every time we do a major debtissuance,the three credit-ratingagencies re-evaluate our credit,”Livingston said.“We think the ratewe received was quite good.”The University currently plansto reduce endowment funding forUniversity operations by 25 percentover the next two years and reduceexpenditures.
Contact Joanna Xu at email@example.com.
Continued from front page
Admit Weekend brings1,300 to campus
By ZOE RICHARDS
With nearly 1,300 prospectivefreshmen bellowing dorm cheersand bouncing around campus withname cards and the occasional par-ent in tow,Admit Weekend forStanford’s Class of 2013 packs theusual punch of Stanford tradition,fun,nerves and excited ProFros.In an email to The Daily,Dean of Admissions Richard Shawexpressed the joy of meetingProFros after “hibernating in [their]offices”for months,reading over30,000 applications for admission.“It’s just great to be outside inthe California sunshine and showthe ProFros our campus and helpthem meet our students and facul-ty,”Shaw said.“In most cases,we aremeeting these students for the firsttime and it’s often humbling for usto have that first encounter.”Dean of Freshmen JulieLythcott-Haims,who is particularlyexcited about unveiling the Class of ‘13 roll call at the a cappella show onFriday night (will it be “thir-teen?”“one-three?”),predicts a one per-cent increase in admit yield fromlast year.Lythcott-Haims lauded theincreased outreach efforts that theadmissions team has made in thepast few years.“Now that more students aroundthe country and the world have hadthe chance to personally interactwith a Stanford representative,it’sonly natural that our yield would goup,”Lythcott-Haims said.“If peopleare taking bets,I’m predicting a 73percent yield for this year.”Lythcott-Haims emphasized thatAdmit Weekend is significant for allarenas of Stanford,from administra-tors to ProFros.“For the University,it is reward-ing to put the opportunity of aStanford education out there forpeople to examine,”she said.“Foradmits,it’s a set of memories thatmay stay with them for much of their life.For me,personally,Thursday of Admit Weekend is oneof my most favorite days in aStanford year.”Administrators and AdmitWeekend planners took special careto keep the recession from having alarge effect on the weekend’s events.According to Dean Shaw,“Thereweren’t any major overhauls to the[Admit Weekend] program”due tothe recession.Admit Weekend EventsCoordinator Natie Ermyas ‘11 saidhe was determined not to let therecession rain on the parade.“We were definitely affected bythe economic crisis,but wanted togive ProFros the same opportuni-ties,”Ermyas said,emphasizing theimportance of the quality of eventsover minor extra goodies like class T-shirts.Creative money savers include2013 temporary tattoos instead of class tees,as well as smaller dormrecreation budgets.Roble Head House Host LilySadaat ‘12,reflecting on her ownAdmit Weekend experience,remem-bered the overwhelming nature of itall and emphasized the importanceof incorporating free time forProFros to relax.“I want to help eliminate theawkwardness that is inevitable bycreating a fun atmosphere and allowthem to get to know Stanford in acarefree sense,”she said.ProFro (prospective freshman)Francisco Delataz,said his initialfeelings of nervousness are alreadybeginning to fade as he hears aboutthe experiences of those he’s metalready.“I’m definitely excited for what’scoming up,”Delataz said.“I’m splitbetween two other schools,but com-ing here has definitely helped mesway my decision towards Stanford.”Ermyas,who is a strong believerin attending the college that bestsuits the student,emphasized thatprospective students go with theirgut feeling when making their finalcollege decision.“[I want to] help them figure outwhat they can do here and what theywould enjoy [about Stanford],”hesaid.“If they don’t want to comehere,we want to make them agonizeover [the decision] because of howamazing the weekend was.”Hoping that admits will make theright choice,Ermyas had someadvice:“Trust your vibe and the vibe youget from people.”
Contact Zoe Richards at iamzoe@ stanford.edu.
Do you think Summer ResearchCollege is a vital part of theStanford summer experience?
54 votestakenfrom stanforddaily.com at 11:32 p.m.04/23/09
Should Condoleezza Rice be prosecutedfor her authorization of torture in theinterrogation of terror suspects?
Yes, we have a duty to uphold thelaw, and Rice broke it.
No, but Rice’s decisions need fulldisclosure.
No, actions taken for the sake of post-9/11 national security are aspecial case.
No, the country needs to move onfrom the Bush years.
I don’t care.
vote today at stanforddaily.com!
Yes, I wouldn’t want to stay on campus overthe summer without it.
No, it was nothing more than free food oncea week.
Maybe, but it is not that important.
What is Summer Research College?
Class of 2013 arrives to check out the Farm
Moonbean’s Coffee strives to renew lease,continue campus operations
By MARISA LANDICHO
SENIOR STAFF WRITER
The lease for MoonBean’s Coffee is set torun out by the end of the year,leaving the fateof the coffee shop,which has been tuckedbetween Green and Meyer Libraries for 11years,largely uncertain.Stanford Libraries hassolicited bids for the valuable space,and willannounce a decision May 1.If MoonBean’sbid is unsuccessful,it will be gone bySeptember.While acknowledging the need for renego-tiating the lease,founder and owner JennieReynolds is skeptical of the process.“The Libraries are hoping to increase therent by about 50 percent in the competition,”she said.Not wanting to raise prices,Reynolds saidshe could not afford the increase in rent andwas worried whether her store would continueto serve Stanford students in the fall.“If we do have to quit,we’ll not haveenough time,”she said.“We’re going to bestuck with too much inventory ,and ouremployees won’t have much time to find jobs.”However,Libraries Director of Communication and Development AndrewHerkovic maintained that the selectionprocess was standard procedure.“It was a perfectly normal process for thelease to run out,”Herkovic said.“I haveabsolutely no idea if [the MoonBean’s] bid willbe successful—it’s a competitive process.I doknow that there were at least several otherbidders.”Herkovic did not report the identities of the other vendors seeking the location.Reynolds hopes her business will continueon the basis of favorable reviews from herpatrons.“[The selection committee] did commentthat we have a lot of support from the studentcommunity,”she said.“As far as I understood,the libraries were putting together a selectioncommittee that included students.”Herkovic,though,said the committeewould be composed of “people in administra-tion”and wasn’t aware of any students beingincluded.“It is not a personal decision as to who getsthe award but an institutional one,”he said.This is not the first time rumors of MoonBean’s closure have circulated the cam-pus.Several patrons found out about the leaseexpiration date,originally set for December2008,last spring.Emails warning of the end of the cafe filled chat lists and provoked an out-pouring of support from students and faculty.These efforts fizzled,however,after theLibraries pushed back the lease until June 30of this year.This time around,students remainmostly unaware of MoonBean’s situation.“Now,I think it’s less in the consciousnessof the student body,”said barista JessicaCornwell ‘09.Jireh Tan ‘10,who said he comes to the cafeonce every week or two,had no idea about theexpiring lease and would be “quite sad”to seethe coffee shop go.“I don’t think as many people know as Iwould personally like,”said store managerJames Rundell,who has worked atMoonBean’s for two and a half years.“But atthe same time,I don’t want to upset thelibrary.”Rundell and Reynolds stressed that theywere not upset with the University or theLibraries.“[The administration] aren’t bullies in anysort of sense,”Rundell said.“We don’t want tomake a scene,and we desperately love our jobthere.”“I don’t want to make them out to be thevillain—they need to be concerned abouttheir income too,”Reynolds added.Many students have said they will missMoonbean’s if its lease isn’t renewed.“I think [Moonbean’s] has the best coffeeon campus,”said Yaser Khalighi,a sixth-yearmechanical engineering graduate student.“Ithas a kind of relaxed atmosphere outside thatmakes it special.”Jennifer Wang ‘10 said she would be“extremely sad”if the cafe closed and that shedisliked the remaining campus coffee alterna-tives.“That crap that they have in Old Union is atravesty,”she said.Based on the popularity of the spot,Cornwell hoped MoonBean’s would remain infront of Green.“Moonbean’s is a huge hub for studentsand faculty,”she said.“There’s something tosay for the space—it’s definitely my sanctu-ary on campus.”
Contact Marisa Landicho at landicho@stan- ford.edu.
“The debt offeringis out oftheordinary because of its size.
— RANDY LIVINGSTON,Chief Financial Officer