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Wednesday, November 23, 2005

A Little More on College Presidents:
Excerpt from an interview with John Silber.

[ For background, see UD {scroll down}. ]



Q: What was the moment like for you when the offer to [Daniel] Goldin had to be rescinded and the payout had to be made?

A: Don't exaggerate the payout. He had planned a coronation that would have cost a great deal more than $1.8 million. In the context of a budget of $1.6 billion, $1.8 million is not that significant. And just think what the university saved by the termination, because if it had allowed that contract to go forward, Goldin would have had a payout of, say, 10 times that amount, if they'd decided later to get rid of him.

Q: But the publicity fallout?

A: The fallout wasn't terrible at all. That has been manufactured by the press.

Q: But that's where the fallout always registers.
Posted at: 11/23/2005 07:07:00 PM