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“[G]ross neglect … management ineptitude, and … trustee leadership absent without leave.”

AKA Yeshiva University.

Reynold Levy, in an article about the failure of some significant New York City non-profits, singles out Yeshiva:

Teetering on the brink is Yeshiva University, together with its Einstein School of Medicine and its Cardozo Law School… Where were the board members, whom we assume were holding [Yeshiva and other] precious agencies accountable for prudent and responsible service to others? How is it possible that they utterly failed to exercise basic fiduciary responsibilities? What explains the apparent absence at these institutions of due diligence and the checks and balances normally afforded by well-functioning finance, audit, investment and executive committees? And what about government oversight for [institutions like] Yeshiva …on the receiving end of major public grants and contracts?

Yeshiva’s massively overpaid president, who oversaw the destruction of this school, remains in charge.

Margaret Soltan, February 22, 2015 2:30PM
Posted in: trustees trashing the place

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