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College and University Discussion
Reply to "Colleges Face a Financial Reckoning. The University of Chicago Is Exhibit A. (WSJ)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of these so called elite schools were run by academics with little or [b]no financial acumen[/b]. Bloated administrative staff, high salaries and building sprees arm race.[/quote] This is probably the best assessment[/quote] I am not so sure. Two of my former bosses at State's Office of Foreign Assistance Resources are now head CFO/VP of Finance at Swarthmore and Georgetown. They also were at OMB. Hardly financial novices. Both are well respected. [/quote] Wow. I did not know that Swat was in financial trouble. If it can happen to them...[/quote]
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