Fracture in NCI board over $168m state budget ask
The debate by budget writers appears to be not if the legislature will claw back the NCI endowment, but how lawmakers will restructure any funding and governance to replace it.
Wake County commissioners could delay Monday’s planned vote on a merger between WakeMed and Charlotte-based Atrium Health.
Charlotte-based Atrium Health and Raleigh-based WakeMed plan a “strategic combination” including a $2 billion Atrium commitment to WakeMed’s initiatives.
The NC Retirement System is proud to be paying the lowest fees among state pension plans. But the state is getting what it is paying for — first in low fees, last in returns.
Critical American institutions are crumbing before our eyes because the intellectual elites charged with caring for those institutions are failing on a grand scale. In academia, business, and government people in critical leadership positions are failing the most basic responsibilities and across the spectrum. Students, stockholders, customers, and citizens are suffering failure, as is the culture...
It is state budget season down on Jones Street in Raleigh, and numerous large dollar amounts are floating back and forth between chambers at the North Carolina General Assembly. One number has caught the business community’s attention — a $1.4 billion allocation in the state Senate’s budget to go to a non-profit organization called NCInnovation. A press release from...
President Calvin Coolidge said, “The chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world.” We were in 1925 and are a near-century later. Corporate CEOs, though, have increasingly been distracted from producing, buying, selling, investing and prospering. Too many are involving themselves in...
Recent cases from North Carolina suggest that community college governance may be in need of an overhaul. Consider Martin Community College. In 2014 an anonymous letter allegedly written by a group of concerned students, faculty, and staff was sent to the state’s community college system, the school’s board of trustees, and lawmakers. It claimed, among...
An organization should focus on adopting the right values, right from the start, to avoid scandal.
Values are so important that an organization must get them right, right from the start.
This week, NC Ag Commissioner Meg Scott Phipps, Martha Stewart, and two top editors at The New York Times announced their resignations amid scandal. Should have happened sooner.