How do you get great results like these for your university?
Choose your university’s trustees on the basis of the size of their donation to your governor’s election campaigns.
More than two-thirds of the members of the University of Tennessee board of trustees appointed by the state’s two previous governors made donations to those governors’ campaigns.
An expert in corporate governance – I quote him in this post’s headline – asks: “Are we in an environment that once I have incredible wealth, I need political power? And is the trusteeship becoming that model?”
Crony-stuffing. Fantastic way to keep a university down.