NYU Continues To Have High Ratio Of Dreams To Resources

by CLAIRE WILLETT · February 28, 2008

john sextonNormally I delete school-wide emails, but when they come from the head honcho himself, and have the subject line "Administrative Efficiencies and University Resources," I can't help but be a bit intrigued. In a very lengthy email, NYU President John Sexton frets ad infinitum over the university's economic state. Our Contingency Reserve Fund can only stanch the hemorrhage for so long --especially when battling "numerous capital projects that will require many billions of dollars to complete." Projects such as NYU- Abu Dhabi, perchance? Was the Abu Dhabi government's $50 million not enough? So stingy, those emirates. John-John's solution: "A multiyear restructuring of the University's administration." All potential expenditures must meet several criteria, among them "Is it required by law, regulatory, safety or accounting standards?". What apparently isn't required by law is a transparent budget. Where goes our 50K, good sir?