March 28, 2008
The Entrepreneur at the Helm
Want to be a successful college president? Go out and earn a few million dollars first.
College trustees are hiring more leaders from outside the academy, and it is the self-made executives who generate the buzz.
The reason, experts say, is that presidents with corporate experience know the vagaries of the marketplace, as well as the lingo of lawmakers, corporate executives, and donors.
But even inherited wealth counts, says Sheldon E. Steinbach, former general counsel
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