tag:blogger.com,1999:blog-4900303239154048192.post8941801387469654828..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: The Corporate Scandal of Higher EducationUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4900303239154048192.post-38646488795625548672010-08-09T20:59:13.851-04:002010-08-09T20:59:13.851-04:00That was my point. Thanks.That was my point. Thanks.michael perelmanhttps://www.blogger.com/profile/01520556020371833990noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-41819309105290001742010-08-09T20:52:17.840-04:002010-08-09T20:52:17.840-04:00Michael:
Universities and colleges are "supp...Michael:<br /><br />Universities and colleges are "supposed" to be independent places of learning free of no outside influence. The membership of college presidents gives the appearance of being bought. The same as schools were forced to divulge gifts from student loans, these schools whose officials are a part of corporations "may" suffer from the same influence.run75441https://www.blogger.com/profile/03790826995006015721noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-25460945710321175442010-08-09T13:51:17.770-04:002010-08-09T13:51:17.770-04:00I am less concerned about the diversion of time --...I am less concerned about the diversion of time -- maybe the university would be better off with their complete absence. I am worried about what such people will do to the campus in an further their corporate careers.michael perelmanhttps://www.blogger.com/profile/01520556020371833990noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-19363847011401319882010-08-09T07:20:41.808-04:002010-08-09T07:20:41.808-04:00Many moons ago, my letter to Barron's editor w...Many moons ago, my letter to Barron's editor was published, addressing a Barron's story of the CEO of a prominent publicly traded corporation who served as a director of five (5) other publicly traded corporations. Based upon my personal experience as outside General Counsel and a director of a more modest publicly traded corporation, I analyzed the time this CEO should devote to his outside directorships, first focusing upon just the quarterly board meetings, the preparations therefor, the travel, attendance, return to his employer, plus serving on board committees that might meet more frequently than quarterly, to demonstrate how much of this CEO's time would not be available for his own corporation. While such a CEO may have demonstrated business acumen in arriving at his position, he is still subject to the same limitations of time, etc, as we mere mortals. So I challenged the effectiveness of this CEO with respect to his day job.<br /><br />Academia directors may not share the same business acumen as my CEO target, but they also have the same limitations of time, etc. If these academia directors have so much time available because their day jobs do not require such, then perhaps their colleges and universities' boards might ask "Why?"<br /><br />Sadly, many directors of publicly traded corporations are selected by CEOs to protect the latter. And directors' pay is much greater than when Barron's published my letter.<br /><br />My stock portfolio is not that extensive as I am about to enter my ninth decade, but when I receive proxies for voting for directors, I check with care the number of other boards a director nominee serves on. If it's more than two, I generally vote "no."Shag from Brooklinehttps://www.blogger.com/profile/07312591102812315460noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-86769125335043439282010-08-09T01:18:45.348-04:002010-08-09T01:18:45.348-04:00shocking . sho nuff. education supposed to fuel e...shocking . sho nuff. education supposed to fuel economic growth. your youtubes.Anonymousnoreply@blogger.com