But for every college that has pulled off a rescue, there is one in trouble. Moody’s has criticized Bard, 100 miles north of Manhattan, for having little cash and relying on a few rich benefactors. “We operate under a different model,” Leon Botstein, Bard’s president, said in an email. “We’ve never operated under a deficit, and have raised over a billion dollars over the last 40 years.”This model is unlikely to survive having an extremely charismatic president who can haul in the big bucks. As a matter of governance, the board should be concerned for the survival of Bard post-Botstein.
Friday, April 29, 2016
Bard College is Run Like an Orchestra
Found in today's Times, in an article about threats to the survival of small colleges in the US, this cringeworthy quotation: