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Re: MPBC to cut work force, reorganize
<<On Wed, 29 Jan 2003 13:19:48 -0500, Dave Faneuf <email@example.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
Of course, some of the overhead goes to cover fixed costs, so the full
nominal savings is unlikely to be achieved.