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"They saw that they could live a more balanced life at a peer institution".
"Deans and provosts at every peer institution are setting aside funds now to raid the University of Virginia next year given the current turmoil on our campus," she said.
Whether or not CDS pressure was exerted however, what remains likely is that had a similarly weak peer institution (say, Merrill Lynch) experienced the CDS run-up instead of Lehman, their situations and timing of collapse could easily have reversed.
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The Associated Press asked whether Harvard should finally institute an honor code, a system that many peer institutions have had in place for years but that Harvard has long resisted.
The ratings would compare colleges against their peer institutions.
And he asserted that there was no evidence that drinking is worse here than at peer institutions.
"Lessons most definitely do not get cancelled 'regularly' or any more often than at peer institutions," it added.
He said that the system had eliminated cost of living adjustments for faculty for the past four years and that faculty salaries were roughly 12 percent lower than at peer institutions.
The administrators at the A.C.C., Pittsburgh and Syracuse issued statements discussing academics, geographic footprints and peer institutions, but the decision came down to more money in a more stable environment.
An internal report issued in May said the college had to "find some way to increase financial support of our intercollegiate program" to keep pace with peer institutions.
B3 EDUCATION B8 The School of Business Columbia University is venturing further and faster than its peer institutions in forming partnerships with Internet businesses, reflecting a shift in academic culture.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com