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- Economist and HBS Professor Lawrence E. Fouraker is named the School's 6th dean.
- Fouraker writes that "the rate of growth [at HBS] of the past decade cannot, and should not, be extended into the first part of the 1970s"
- HBS comes under budget pressures due to nationwide recession
- Quota for foreign students in MBA program is abolished because they can now compete directly with U.S. candidates for admission
- Black students strike in response to Jackson State killings; set up picket lines outside Baker and Aldrich
- Carolyn Stubbs, Associate in Research and a staff member since 1925, retires
- Current gifts account for more than 40% of HBS income (compared with 17% University-wide)
- David Hawkins's California Management Review article, "The Behavioral Implications of Generally Accepted Accounting Principles," wins McKinsey Award
- Faculty's affirmative vote on report of Subcommittee on Admissions Policy reaffirms HBS's commitment to diversity, broadly defined
- Fouraker calls for a "consistent policy" with regard to Europe, which asks for much assistance, but doesn't need the traditional HBS approach of "institution-building"
- Fouraker cautions that academic enterprises (including HBS) match "very soft resources against very firm . . . expenses"
- Fouraker disavows "School solutions" for society's problems, but lauds HBS's ability to prepare students to manange such problems
- Fouraker writes that goal of HBS is "to produce general managers willing accept responsibilities defined in broad terms of technical competence and social conscience"
- Fouraker writes that short programs are being "pruned" due to their lack of "educational impact"
- Fowler House is dedicated
- George Lodge publishes "Top Prioirity: Renovating our Ideology" in HBR; subsequently wins McKinsey Award
- Jay Light, first graduate of HBS/Harvard Economics Department doctoral program in decision and control theory, joins faculty
- MBA tuition covers less than half of (fully loaded) cost of MBA program
- On May 5, 1,400 people gather in front of Baker to protest government policies and killings at Kent State; strike vote is defeated by a narrow margin, but "open day" on May 12 is voted
- Richard Rosenbloom and Francis Wolck publish Technology and Information Transfer
- Richard Rosenbloom begins intensive review of HBS doctoral programs; ultimately leads to shrinking of programs to enhance quality of student
- Robert Austin heads Harvard-wide committee to study the University's relations with "corporate enterprise"
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