Word: ridgeway
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Dates: during 1960-1969
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Beyond the Corporation's apparent surrender of the power to name Harvard's treasurer, this relationship could be unwise for the University's own selfisr interest which the Corporation claims to protect. In a recent book James Ridgeway, and editor of The New Republic charges that State Street agreed to this arrangement on condition that its investment funds receive priority over Harvard's when trading shares of the same stock...
Beyond the Corporation's apparent surrender of the power to name Harvard's treasurer, this relationship could be unwise for the University's own selfish interest which the Corporation claims to protect. In a recent book James Ridgeway, an editor of The New Republic, charges that State Street agreed to this arrangement on condition that its investment funds receive priority over Harvard's when trading shares of the same stock...
...does not propose these ideas with any indication that he thinks they will be adopted. Critics have complained about this, saying The Closed Corporation provides no viable solutions for the "crisis" American universities are now undergoing. But this objection misses the point. It is no accident that Ridgeway offers the universities no way out of their present mess. His cynicism stems directly from his analysis of their situation. As he shows, us the university has become an industrial complex and nothing more. The real business of a university is business. Like any corporation -- or like the United States government...
NONE OF the professors have liked Ridgeway's book much. James Billington who teaches medieval history at Princeton and doubles as a consultant for the CIA, called it "childish" in a Life review. Ernest Van den Haag, retained in 1964 to testify against the 1954 Supreme Court school desegregation decision, participated in the WNDT panel as a professor from the New School for Social Research, and scoffed at Ridgeway's pessimism...
...university entrepreneurs go about their business, unperturbed by students sitting in or taking over switchboards. Ridgeway's book offers no coherent picture of what might be done to improve the situation, because what is needed is a total redistribution of power in the universities. A few reform schemes cannot provide for this. What Ridgeway deplores about the universities is their implication in the political maneuverings of other institutions. This collusion between universities, business, and government--which places the same corporate elite in charge of everything--cannot be ended solely by internal change within the universities. Such change, which would proceed...