Tag Archives: financial crisis

When the financial crisis looms: A tale of three Colleges

Late last week I had a telling conversation with Dr. Jim Douthat, a colleague and mentor and the highly respected president emeritus of Lycoming College (PA). Like me, Dr. Douthat is convinced that the present operational path taken by many private colleges and universities is financially unsustainable. As Jim argued so perceptively, the looming financial […] … learn more→

The crisis of shareholder primacy

How do we prevent another financial crisis? Since the devastation that began with the collapse of the U.S. subprime mortgage market in 2007, a great deal of ink has been spilled trying to answer this question. Unfortunately, most official accounts of the crisis, and how to avoid the next one, have missed the mark. They […] … learn more→