University Diaries » “The consequences of the Board’s apparent inattention may very well prove to be catastrophic to this distinguished educational institution, and the questions raised may need to be answered by an independent investigation, perhaps by the NYS Attorney General.”

Six years ago, a concerned Yeshiva University alum, Andrew Sole, wrote a letter to the president of that school calling for the resignation of the entire board of trustees, a scandalous, conflict-of-interest-ridden, Madoff-and-Merkin-led, lot.

Yeshiva’s answer to Sole (which came not, of course, from the president, who is far too busy and important to have bothered with such a triviality, but from some underling… or maybe the response was machine-generated…), Sole told a newspaper, was “scripted,” and “beyond offensive.”

And so it remains today, with Yeshiva the object of renewed contempt as stunning details of its take-down of itself via a combination of risky investments and the Madoff/Merkin tag team emerge. Sole once again calls attention to the fundamental negligence… perhaps amounting to criminality?… of the people who have now succeeded in running the school entirely into the ground (Moody’s has rated it junk); and, incredibly, true to form, Yeshiva has tried not responding at all to him, and then, under pressure from growing media attention, has denied everything. Everything’s peachy at Yeshiva! Plus the extensive report on its shameful activities is all “half-truths and inaccuracies.” Such as?

Yeshiva isn’t saying.

*******************************

Yeshiva has had to sell off some of its valuable Manhattan real estate, is trying to pare faculty by encouraging retirements, and has given up control of its Albert Einstein College of Medicine to save money. Yet it’s still at risk of running out of cash next year, Moody’s reported.

Getting rid of everyone but beloved Yeshiva trustee Zygi Wilf!

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Dr. Bernard Carroll, known as the "conscience of psychiatry," contributed to various blogs, including Margaret Soltan's University Diaries, for which he sometimes wrote limericks under the name Adam.
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