Re: MPBC to cut work force, reorganize

[Garrett Wollman <wollman@lcs.mit.edu>]

<<On Wed, 29 Jan 2003 13:19:48 -0500, Dave Faneuf <tklaundry@juno.com> said:

> It requires registration,  tell me that that six staffers in Maine were
> not each making 
> $79,666,67 though, right?

Assuming a private-enterprise overhead rate of 50% that would be
$53,111.11.  If MPBC inherited a more-typical university overhead rate
from its founding schools, it would be more like $39,833.33.  (Here at
MIT, a full-time employee making $50,000 annually costs about $120,000
to employ, but we have a relatively high overhead rate compared to
other universities.)

Of course, some of the overhead goes to cover fixed costs, so the full
nominal savings is unlikely to be achieved.

-GAWollman