Archived post

This is an archived post. Please click here to see the latest entries.

« What Matters to Meir Kohn and Why | Home | The D’s Editor Wants Your Honest Opinion About President Kim »


The Effects of Good and Bad Governance

Yesterday’s post about the whistleblower letter by the anonymous Friends of Eleazar Wheelock group of Dartmouth employees detailed the placement over the last decade of much of the endowment with investment funds run by Dartmouth Trustees and other alumni cronies. Let’s update the figures showing the disastrous effect of this policy.

During the 1990-2000 period, Dartmouth’s endowment enjoyed the highest growth in the Ivy League:

Ivy Endowment Growth 1990-2000.jpg

In the subsequent eleven years (2000-2011), with much of the endowment in the hands of Trustees and their friends, the endowment had the lowest level of growth in the Ivies.

Ivy Endowment Growth 2000-2011.jpg

What will be the end result of this corrosive insider dealing, and the concomitant atmosphere of spin and dishonesty that pervades the administration? At some point in time, faculty, students, staff and alumni will say that they have had enough of poor governance — and of Dartmouth. However, I fear that none of these groups will act collectively to stop the rot; rather, individual members of the faculty will leave Hanover, the best students won’t come here, the finest staff members will depart, and alumni will reduce their donations to the College. One can argue that this process has been underway for some time now.

Addendum: As we have noted, to make up for the endowment’s poor performance, the Trustees permitted the College’s total debt to explode over the past twelve years, both in absolute terms and in comparison to our Ivy sister schools.

Featured posts

  • October 18, 2009
    When Love Beckoned in 52nd Street
    We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
  • October 9, 2009
    D Afraid of a Little Competish
    So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
  • September 4, 2009
    How Regents Should Reign
    As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
  • August 29, 2009
    Election Reform Study Committee
    If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…
  • August 23, 2009
    Fare Thee Well, Tom Crady
    And now Dean Tom Crady has precipitously announced his departure from the College after only 20 months on the job. How to read this? By way of background, prior to coming to Dartmouth, Crady had…
  • May 31, 2009
    Kangaroo Court, Indeed
    In an interview with The Dartmouth, alumni-elected trustee T.J. Rodgers ‘70 explained his reasons for declining to participate in future evaluations of trustees up for “re-election,” namely the “kangaroo court” nature of such discussion in…

Dartblog Specials

Subscribe by Email

Enter your email address:

Help, Pecuniarily

Please note

This website reflects the personal opinions of its authors. Any e-mails received may be published along with the full name of the sender. If you wish otherwise, please say so.

All content appearing at Dartblog.com should be presumed copyright 2004-2014 its respective bylined author unless otherwise noted or unless linked to original source.

Advertisement

admin

Calendar

June 2012
Sun Mon Tue Wed Thu Fri Sat
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Search

Archives

Links