How to Help Skittish Boards Keep Their Nerve in a Recession

There's an old Swedish saying that "worry gives a small thing a big shadow." What started out as a subprime borrowing crisis is now casting a long shadow over the entire economy, including higher education, and everyone is, indeed, very worried — including college trustees, who fear the impact of smaller endowments, less annual giving, and potentially lower enrollments. Board members, responsible for matters both fiduciary and visionary, are concerned that their colleges not be