First Harvard laid off a bunch.
Now Stanford, another stalwart in business education, plans to lay off almost 500 employees, and freeze hiring for another 50 faculty.
I’m thinking Physician heal thyself… again.
Now, I’m not ragging on these ivy-league bastions for doing what they feel necessary; no, quite the opposite. I laud them for making these difficult business decisions. I just wish they would remember these when their professors and authors trivialize and belittle corporate leaders for doing these same things.
It ain’t easy being in charge. If it were, everyone would do it, and the pay would suck.
Stanford’s announcement also included some additional measures, quite familiar to all of us in the real world, though less so to those behind the academic walls, such as halting or reducing construction, freezing salaries, and cutting expenses for travel, computers, and conferences.
I gotta say, that sounds a lot like regular business 101.
So Stanford, Harvard, Wharton… guess you’re discovering that it’s not quite as easy to do, as to teach.
Welcome to the club, boys.
But that’s just me…