Offers cautionary tales depicting how an "Enron mentality" infiltrated three universities and jeopardized their accreditation status. The schools were guilty, respectively, of bad bookkeeping, lack of strategy and stable leadership, and loss of academic integrity by selling degrees. (EV)

Examples are given of how United States universities are being affected by and coping with the declining revenues accompanying the current recession. The role of business officers in providing the facts, information, and guidance needed by an administration making retrenchment decisions is discussed. (DB)

Steps taken by Phillips Academy (Massachusetts) to contain costs during a serious deficit included short-term measures (increasing tuition and some fees, increasing enrollment, tightening administrative procedures, reduced personnel costs, and reducing programs) and long-term actions (early faculty retirement, increased retirement benefits,…

Recounts the restructuring and resulting survival of Park University (Missouri) over the last decade. A process of evaluating the university's competitive strategy resulted in changes in tuition pricing; development of the Park School of Distance Learning, which serves primarily military installations; minority student marketing; and development…

This article discusses the impact of resource reallocation by colleges and universities using Virginia Commonwealth University as an example. Alternative areas for creative reallocations noted include increased productivity/efficiency, quality improvement, growth by substitution, targeted fund raising, planned savings, categorical funding, tuition…

The events and decisions following a declaration of financial exigency at Saint Bonaventure University (New York) in 1994, which resulted in a substantial reduction in the number of tenured faculty members and a decrease in pay and benefits for remaining employees, are chronicled. The roles of the business officer, faculty, and others in decision…