Cal bringing in consultants to help cut millions from budget - ContraCostaTimes.com:
"UC Berkeley will hire consultants to help cut tens of millions from the campus budget.
Bain & Co. will spend six months guiding Berkeley leaders through a study of campus finances, Chancellor Robert Birgeneau said Thursday. The university, which had its budget cut by $150 million this year, will pay the Boston-based firm $3 million plus expenses — half this year and the remainder next year.
The Bain collaboration will be part of an effort the university has named 'Operational Excellence' and is modeled after a Bain partnership at the University of North Carolina, which is starting to implement 10 changes recommended by the firm. Cornell University also is working with the company, said Birgeneau, who spoke to the leaders of both schools."
"UC Berkeley will hire consultants to help cut tens of millions from the campus budget.
Bain & Co. will spend six months guiding Berkeley leaders through a study of campus finances, Chancellor Robert Birgeneau said Thursday. The university, which had its budget cut by $150 million this year, will pay the Boston-based firm $3 million plus expenses — half this year and the remainder next year.
The Bain collaboration will be part of an effort the university has named 'Operational Excellence' and is modeled after a Bain partnership at the University of North Carolina, which is starting to implement 10 changes recommended by the firm. Cornell University also is working with the company, said Birgeneau, who spoke to the leaders of both schools."