Word: schmidts
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Dates: during 1990-1999
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Still, such priorities lead to tough financial choices. And Yale, like many other institutions, had for years been radically underinvesting in its physical infrastructure and educational resources, Schmidt said...
Former Yale University President Benno C. Schmidt Jr. spoke about the role of presidents and trustees in meeting the "peculiar circumstance"--a term he said he preferred to "financial crisis"--facing American universities today...
...Schmidt, who left Yale to direct the Edison Project, an experimental, for-profit education system, said that university fiduciaries must guard against the "tendency to prefer the present to consume our future...
Despite Yale's financial straits during the time of his presidency, Schmidt said that the university's administration regarded it as a top priority to keep Yale accessible to all students, regardless of their ability...
...Schmidt said his belief in strengthening Yale's infrastructure led to a reputation for "[caring] more about buildings than about people." But, he asked, "by what right do we consume these facilities in our time to...[leave] to the future a crumbling infrastructure...