Month: May 2018

The Toughest Job in America?

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Admiral William McRaven, who is retiring as Chancellor of the University of Texas system, asserted that  “Leading a university or health institution is ‘the toughest job in the nation.'”

McRaven was for many years a SEAL leader, with his career culminating in planning and overseeing the operation that killed Osama bin Laden.

I’d suggest that, if leading a university (and for this post, I’ll be focusing on that part of the admiral’s statement rather than the healthcare part) is harder that leading major special-forces operations against determined enemies…then something is very wrong.

Mind you, I’m not saying he’s incorrect.  Indeed, I’d go further: except for certain niche institutions, the job of university president or chancellor may now not just be difficult, but impossible.  Impossible, that is, if you look at success in terms of generating reasonable positive educational results within a reasonably positive culture, not just keeping one’s job.

And this situation is largely the result of the poor performance of several generations of previous university administrators. There has been overselling of what universities are offering..increasingly including graduate studies…as the only key to success in American societies.  There has been encouragement of students to sign up for very large loans, without the kind of disclosure of risks that would be required for any other kind of large investment; coupled with the first point, this has resulted in many people being on campus who shouldn’t be there at all and/or aren’t taking their education very seriously. There has been in many cases a lack of attention to the mission of teaching.  There has been a lack of respect for civil liberties of both students and professors, a tolerance of intimidation tactics by students, professors, and outside parties, and an encouragement of organizations and ‘fields of study’ that are by their very nature hostile to the notion of an academic community.  And there has been little pushback against intrusive regulation from government, as long as funding is at stake.

True, not all university administrators have conducted themselves in the manner described above, but enough have that American higher education as a whole has become increasingly toxic.  And when a culture has become sufficiently toxic, it is very difficult for even the best leader to implement meaningful change.

Cotton Candy Man

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So help me dog, I was never able to figure the appeal of B. Obama, either when he first hove onto the political scene, or when he was elected, and reelected. He seemed to me, from the first and at a distance to be just a pleasantly and superficially-cultured nullity, with the not-uncommon ability to deliver inspiring, soaring speeches from words put in front of him, just like any A- or B-list actor I could name. He looked good, sounded good … and that was all there was to him, as far as concrete accomplishments went. Again, like any good actor – he looked the part that he was supposed to play, no matter that the actual legislative resume was vanishingly thin of substantive accomplishments.
Perhaps that was all that was required of him, that he look and sound the part. And what does that make of the sense and sensibility of those who voted for him, cheered him on enthusiastically, the establishment media who rolled his Juggernaut over the finish line, and supported him in eight years of trying his best to turn the United States into some nasty South American socialist dump, ruled in turns by a coterie of the elite, and their ambitious throne-sniffers? David Brooks, the token conservative at the National Paper of Record, got all thrilled and man-crushy, adoring the perfect crease of Obama’s trousers. This may live in infamy as the shallowest, stupidest thing that our Miss Brooksie has ever written, against considerable competition.

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“. . . the significant, blood-sport destruction of my business . . .”

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Leon Cooperman: Two changes that could help fix what is wrong with our regulatory process:

It seems logically manifest to me that something transpired between September 2016 and March 2017 that led to the Commission’s dramatically downwardly-revised settlement offer. Despite numerous attempts to ferret it out, I have been unsuccessful in getting a response, either from the current chairman or from his predecessor who oversaw my case (and who told me, when I saw her at a conference after she left office, that even innocent people often find settling with the government preferable to hazarding the system). As an American taxpayer, I believe that I deserve an answer to my question. And as an analytical person, it is hard for me to reconcile the significant, blood-sport destruction of my business that this matter has occasioned without understanding the dynamics behind the resolution from the Commission’s perspective.

“Something transpired between September 2016 and March 2017” that led the SEC to dial back the brutality of its regulatory attack on Mr. Cooperman’s firm. I wonder what that something could have been?

Elections have consequences. The Obama administration was so openly hostile to business, and so casually willing to use its power to reward allies and punish critics, that prominent business people were reluctant to criticize the Administration publicly, especially in the early days before the 2010 elections. If I recall, Mr. Cooperman was more courageous than most of his contemporaries in expressing public concern about Mr. Obama’s policies.

As the man said, this is how you get more Trump.