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Trustee Engles ‘79 in Slippery Deals

Gregg EnglesB.jpgA while back we reported how the Hanover Food Co-op had ceased to purchase dairy products from Dean Foods — run by Trustee Gregg Engles ‘79 — after determining that the company had engaged in deceptive marketing practices. It turns out that Engles and his company have been far more aggressive. In a 2,881-word investigative piece, the New York Times has detailed a plethora of shady activities by Engles and various associates. Engles joined the Board as a Charter Trustee in 2011, the same year that Forbes Magazine ranked him one of America’s Worst Bosses For The Buck.

Engles Forbes.jpg

I have had only one interaction with Engles myself. After he lost an Alumni Trustee election in May 2005, I wrote to him to ask how many votes he had received — a figure that the College does not announce. He wrote back promptly from London to say that he did not know because the nominating committee had not told him. That afternoon, I had lunch with a senior member of the Alumni Council, who was surprised that Engles did not have this information. “I told him myself yesterday,” my friend said.

Addendum: Interestingly enough, Trustee Jeff Immelt ‘78, Chairman and CEO of General Electric, made the same Worst Bosses For The Buck list as Engles.

Immelt Forbes.jpg

Notice above that Engles, as head of Dean Foods (Turnover in 2011: $13.1 billion) substantially out-earned Immelt, the head of General Electric (Turnover in 2011: $147.3 billion) over the past six years.

Addendum: An alumnus write in:

Reading your articles about the Trustees - including the latest about Gregg Engles - makes me increasingly depressed about the future of the College.

A group of Trustees, some of whom seem to have a faulty moral compass, make decisions that appear to be in their own interests rather than the interest of the institution they serve, appoint a poor President who cuts and runs, making a decision that was in his interest rather than the interest of the institution he serves. They appointed a man after their own hearts. (And as a result, the College ends up with a small minded Interim President.) Wah-hoo-wah.

Among the faculty at Dartmouth that I’m in contact with, and this is something that won’t surprise you, Carol Folt is nobody’s hero (and many think she’s an embarrassment). They can’t wait for her to be gone.

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