Hurricane Katrina and other natural disasters, the ongoing threats of terrorism, and the auditing profession's increased emphasis on business continuity planning have captured the attention of higher education executives.
Investment committees of higher education institutions face a daunting task of meeting their fiduciary responsibilities. In other words, they bear the brunt of ensuring that the investment portfolio is properly managed. The committee has the legal responsibility for managing the school's money.
In the past decade, tremendous changes throughout the world have impacted the way we conduct business, interface with our global neighbors, lead our colleges and universities, and educate our students.
By age 63, I had become a successful, wealthy entrepreneur many times over. Incensed that the son of an employee had been denied admission to medical school despite having adequate credentials, I decided to open my own institution.
Open source is like solar energy. I'm absolutely, 100 percent in favor of it where and when it's viable. You should be, too. In cases where it isn't a good bet, I swallow my pride, compromise my values, and keep paying my electric bills.
