Another Faculty Response to the Board of Trustees
We received this morning the attached proposed response to the letter from the Board of Trustees. Keep the conversation going. Send us your views and comments.
The faculty council welcomes the sprit of the response from the Board of Trustees to their October 20th motions. We accept their good will and desire to cooperate, which will allow us to work out the details of the proposals in an acceptable manner. We do not, however, believe that the problems facing Pace University are new, nor do they stem from market conditions. Instead, they are institutionally specific and stem from systematic mismanagement at the highest levels.
We do not agree that Dr. Caputo deserves credit for the Fulbright awards and increases in research grants. These were accomplished by faculty and students in spite of continuous cuts in academic programs. That our adjuncts and part time faculty for the first time in 100 years felt the need to unionize and that therefore President Caputo was required to engage in collective bargaining is not to his credit. . Gift giving may have increased but we do not see anything but cuts to the academic programs.
These dubious accomplishments must be weighed against the following by no means exhaustive list of failures.
Enrollment has shrunk dramatically during his tenure.
Tuition setting policies that have led to this crisis were amateurish to say the least.
The president has failed in augmenting the endowment fund through attracting donations. The fund is now at the same level as it was six years ago and is inadequate relative to the university budget which has increased over 50% in that time.
Financial performance of the endowment has been sub par.
Administrative structure is too top heavy and the level of compensation is inappropriate
The no shared governance model has led to alienation of faculty, staff and students.
The culture of a “Cult of Personality” (Official web pages that credit the leadership of David Caputo for having increased enrollment.). is unseemly for an intellectual community
Contrary to the strategic agenda, the academic standing of the institution has suffered
The outrageous treatment of students exercising their first amendment rights and trying to live the democratic ideals we have been teaching.
Programs, institutes, centers and study groups have proliferated at the expense of revenue generating student centered academics.
The neglect of the core revenue deriving business has led to near junk rating for the institutions bonds and a meltdown in the overall net worth of the university to dangerous levels.
The Pace University Community supports the Board of Trustees and will work together to restore the vibrancy, growth and enthusiasm that marked the previous century of Pace University. However, we have no confidence that Dr. Caputo has the ability to lead us out of our present crisis. We urge the board to replace him.