Monday, March 17, 2014

Sharing an article March 17 2014

As I have always said, we should pay attention to what is happening with the bigger players in higher education.

“Accreditor Rejects Partnership Between Business School and For-Profit Group”

“A deal between the Thunderbird School of Global Management and a for-profit education company has been rejected by the business school's regional accreditor, giving at least a temporary victory to an alumni group and some former board members who said the arrangement would turn Thunderbird into a "diploma mill."”

“Thunderbird, based in Arizona, had been seeking a partnership with Laureate Education Inc. in order to shore up its troubled finances. The arrangement would have brought the school $53-million through a sale-leaseback of its campus and $13-million more to start online and undergraduate programs and to expand its international sites.”

“Thunderbird pursued the deal with Laureate after rejecting several other suitors, including Arizona State University and the Hult International Business School, saying that the for-profit company was the only one that would sustain its financial health and protect its brand.”

I personally think there are many “gut reactions” here, not all for profits are evil. However, in the end any school must do what they feel is best for their stakeholders; and hopefully they decided in a logical manner not a visceral reaction.

What are your thoughts?

Dr Flavius A B Akerele III

The ETeam

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