Committee to consider cutting health benefits

Currently, the College insurance plan pays 100 percent of all health care premiums for retired employees. The committee is not contemplating any changes in benefits paid to those who have already retired. According to Director of Human Resources Kathryn Bryne, the trustees were concerned about the fact that health care costs are rising extremely quickly. Blue Cross and Blue Shield Association, the College health insurance provider, raised rates by 14 percent effective on July 1, 2002. Some oth

Webster '45 to lead federal oversight board

Congress created the board as a component of the corporate reform legislation passed after the collapse of companies like Enron and WorldCom. The board is composed of five members and will have the power to set and enforce accounting standards. The New York Times reported that the appointment caused extreme controversy in Washington, mostly due to the fact that Webster has never worked in the accounting industry. However, Webster expressed confidence that he would quickly become competent. “I’