A rather mushy editorial from the University of Cincinnati AAUP notes the absence of anyone who knows much of anything about education on the university’s board of trustees. Why not take advantage of what the writer delicately calls Stan Chesley’s “legal difficulties,” and replace him with a person who knows more about universities than about making money?
Chesley, you recall, is the disgraced former BOT member whose “astounding greed” has gotten him disbarred in multiple states.
It’s true that once you wipe out all traces of knowledge about universities from your BOT and pack it full of hedgies and Chesleys and bears oh my, you run the risk of serious institutional embarrassment when the SEC or some other agency comes after one of them. UD has followed many stories of BOT members who’ve resigned in disgrace because of shady business dealings.
The editorial writer is certainly correct that viewing your Board of Trustees as an ATM machine is unwise.