Operations
The university is led by an eleven member Board of Trustees. The governor appoints nine trustees to five-year terms, renewable once. The Alumni Association elects one trustee for a single five-year term and the student body elects one student trustee for a one-year term.
The university's annual operating budget for fiscal year 2010 was approximately $130 million; 40% of this coming from state appropriations. The Salem State University Foundation's endowment market value is in excess of $16 million at the end of fiscal year 2010. The university has an important economic impact on the city of Salem, being its second largest employer. The college generated more than $376 million in economic spending in Massachusetts in fiscal year 2006. Salem State University creates jobs for 3,459 Massachusetts residents, including 593 in Salem and 1,978 throughout Essex County.
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Famous quotes containing the word operations:
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)
“There is a patent office at the seat of government of the universe, whose managers are as much interested in the dispersion of seeds as anybody at Washington can be, and their operations are infinitely more extensive and regular.”
—Henry David Thoreau (1817–1862)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)