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Imagine You’re a Trustee/Fund Manager
Imagine you are a trustee, and also the manager of a big investment fund. You’ve got several worries about how the College is being run, especially about the absence of innovation and of progress in dealing with longstanding problems. You’ve spoken to various members of the faculty — I know, I know, this never happens, but I did ask you to use your imagination — and you want to voice your concerns at the next Trustee meeting.
However, as you start to game out the possible reaction to your remarks in the boardroom, you see a few problems. Most of your fellow Board members think that things are wonderful at the College. They love being on the Board; they especially appreciate the chance to meet so many influential people. And don’t forget the generous reception that they get from the Admissions Office. That can’t be beat. Besides, all the news that they hear from the administration is positive.
Several other fellow Trustees have a different motivation: they want to avoid controversy; anything but, in fact, especially after the various scandals over the past few years. That’s understandable. (Damn that Lohse kid, he’s made parties in Greenwich really awkward!).
So how should you approach the Board with your observation that the College is dead in the water?
Hmmm. Then you hesitate. You are opening up a new investment fund, and you currently have a proposal in front of the Board’s Investment Committee asking to manage some of the College’s endowment. Having Dartmouth as one of your early investors would be tremendously valuable. Big college endowments are the gold standard for pension funds and wealthy investors. Those timid folks love to see that an Ivy League school has faith in a fund. You really need Dartmouth’s money.
So you review the people on the Committee who are reviewing your fund’s proposal, and there they are: the Board’s Dartmouth-couldn’t-be-better-crowd and the enough-with-the controversy-already bunch, too. Is this the time to get them riled up? Do you really want to bother them with contentious questions about faculty and student concerns, right when they’re thinking of placing tens of millions of dollars with your fund? After all, there’s always an emotional component in people’s decisions, and though investment proposals from other Trustees are usually approved, it would be a risk to rock the boat now.
Come to think of it, things are pretty good at the College, aren’t they? Those faculty folks are always upset at something. They don’t appreciate how good they have it in Hanover.
So you re-think the whole question. Perhaps you jumped to conclusions? You know, there really is no need to ask for more decisiveness from the administration at the next Trustee meeting. Upon further reflection, Dartmouth has never been better.
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…