I am always surprised to read that faculty members of a failing college or university were surprised when the institution announced its closure, a large layoff, or major program cuts. How could the faculty have been unaware of the seriousness of the situation? How could they not have spotted any of the red flags? Were they not paying attention?
As a former college president, I am not overly sympathetic to a tenured faculty that has sat on the sidelines when it comes to its employer’s financial condition and future. From a basic risk management and career planning perspective, it is imprudent to blindly trust any board of trustees or administrator; indeed, history has shown clearly that employees do so at their peril. Continue reading