where my bloggaz at?
At least two third of the constituency of this site doesn't have a proper job, and the other one third works in a crazy, multi-colored fun zone. Blog damn you! Blog!
Here's a topic. Cornell's new president (who I considered to be the bomb-shizzle) resigned in a very abrupt and dramatic manner calling out the board of trustees. He sited a difference of opinion with the board over how to achieve the same long term visions, but here's an explanation that might align with Dan's current course of study. It's from a poster on the Daily Sun's webpage:
"In Lehman's defense. Last year I heard Lehman wanted Cornell to go on record against anti-gay discrimination by military recruiters on campus, but Meinig said no, because that might annoy conservative friends in Washington and having a lesbian provost was already more than enough. Whether true or not, it's probably not enough to resign over, but it shows who really runs this university. Meinig is bad news for the university, and his central role in Enron II doesn't help.
Meinig was on the board, and even on the audit committee of Williams, the Tulsa energy company when it was using Enron type lies to prop up its stock just long enough for the insiders to make a bundle on their stock options. When the company crashed a couple years later, it wiped out thousands of jobs and pension funds, threw Tulsa into a tailspin, and there have been billions of dollars of law suits against Meinig and other insiders from lenders, investors, and former employees over the fraud. Meinig is not the only problem case Lehman has to deal with. Cornell Medical School Chief Trustee (and namesake) Sandy Weil's company, Salomon Smith Barney, was one of Williams' investment bankers, and it has paid out over a billion dollars in law suits for giving inflated stock ratings on Williams and a few other companies to prop up their values.
All this mutual back-scratching with no regard for the law or ethics is bad enough in industry, but even a 140 year old world class university can be destroyed by these kinds of games. I don't see how Cornell can possibly hire a competent president until someone breaks up that clique of businessmen that have been running Cornell with their above-the-law attitudes. The university needs a real board of trustees, not the huge 60 member board it has now, where the few people with the real power are the ones that shouldn't have any.
JS"
What's going on in Ithaca/New York/Qatar/China?
Here's a topic. Cornell's new president (who I considered to be the bomb-shizzle) resigned in a very abrupt and dramatic manner calling out the board of trustees. He sited a difference of opinion with the board over how to achieve the same long term visions, but here's an explanation that might align with Dan's current course of study. It's from a poster on the Daily Sun's webpage:
"In Lehman's defense. Last year I heard Lehman wanted Cornell to go on record against anti-gay discrimination by military recruiters on campus, but Meinig said no, because that might annoy conservative friends in Washington and having a lesbian provost was already more than enough. Whether true or not, it's probably not enough to resign over, but it shows who really runs this university. Meinig is bad news for the university, and his central role in Enron II doesn't help.
Meinig was on the board, and even on the audit committee of Williams, the Tulsa energy company when it was using Enron type lies to prop up its stock just long enough for the insiders to make a bundle on their stock options. When the company crashed a couple years later, it wiped out thousands of jobs and pension funds, threw Tulsa into a tailspin, and there have been billions of dollars of law suits against Meinig and other insiders from lenders, investors, and former employees over the fraud. Meinig is not the only problem case Lehman has to deal with. Cornell Medical School Chief Trustee (and namesake) Sandy Weil's company, Salomon Smith Barney, was one of Williams' investment bankers, and it has paid out over a billion dollars in law suits for giving inflated stock ratings on Williams and a few other companies to prop up their values.
All this mutual back-scratching with no regard for the law or ethics is bad enough in industry, but even a 140 year old world class university can be destroyed by these kinds of games. I don't see how Cornell can possibly hire a competent president until someone breaks up that clique of businessmen that have been running Cornell with their above-the-law attitudes. The university needs a real board of trustees, not the huge 60 member board it has now, where the few people with the real power are the ones that shouldn't have any.
JS"
What's going on in Ithaca/New York/Qatar/China?
3 Comments:
At 23:05, Nate said…
I'm pretty sure Ross drew the 'perspectives from the world of medicine' straw. I don't claim to know how blogs or blogospheres work, but it looks like he's "flaming" us.
At 23:11, Daniel said…
This post has been removed by a blog administrator.
At 23:49, Daniel said…
Ross, I appreciate the shout-out, but I don't exactly see how my studies in Late 19th-Century Embroidery has much to do with investment banking. I'd say the ether's finally got to your brain. Goodnight, Princes of Central New York.
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