Too Much Business in Academe

By William W. Keep. Recently the Board of Visitors—not a particularly apt name given their actions—at the University of Virginia forced the ouster of President Teresa A. Sullivan after two years in office. Since then we have learned that the rector and vice rector of the board, Helen E. Dragas and Mark J. Kington, who has since resigned, have M.B.A.'s from UVa's Darden School of Business. Peter D. Kiernan, a powerful alumnus who evidently weighed in on the decision, is also a Darden graduate and, before he resigned in the midst of the furor, was chairman of the Darden School Foundation Board.
The trio, having made their chops in real estate, construction, and investing, apparently saw an opportunity to transfer their knowledge to higher education. Though colleges can learn many things from the ways businesses operate, treating a college strictly like a business would be a mistake.