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Post by Super on Mar 27, 2019 13:01:19 GMT -5
It certainly is a more attractive opportunity than the previous search offered.
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Post by ic59 on Mar 27, 2019 13:55:55 GMT -5
I know that it shouldn't matter, but the problems at CNR, which had a woman president, comes to mind.
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Post by Super on Mar 27, 2019 14:59:36 GMT -5
I know that it shouldn't matter, but the problems at CNR, which had a woman president, comes to mind. Yikes! They put the accountant in charge of the college! |
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Post by ic59 on Mar 27, 2019 15:20:56 GMT -5
Super,  . P.S. I don't understand. |
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Post by Super on Mar 27, 2019 16:11:11 GMT -5
Super, . P.S. I don't understand. The problem was NOT that the president was a woman--it was because they promoted an accountant to be president--ill-equipped for the complex job. The irony (or the real problem) was that the $$ caused the issues for the college. |
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Post by Deleted on Mar 27, 2019 23:57:42 GMT -5
Can't those people hire from somewhere other then Iona? I would think that they lack a little imagination in the recruiting process. Lets see; a few coaches, Lyons, and now Nyre? What's going on there? Too bad Willard didn't fall on face. They would not have done all this.
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Post by ic59 on Mar 28, 2019 6:43:41 GMT -5
Super, thanks. Took a while, but I get your point. However, there must be accountants out there that can move successfully into management. I was talking perception and you were talking reality.
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Post by iona05 on Mar 28, 2019 6:58:03 GMT -5
Super, thanks. Took a while, but I get your point. However, there must be accountants out there that can move successfully into management. I was talking perception and you were talking reality. Good point. More Fortune 500 CEOs have financial background than any other background -- sales, operations, etc. Seems like this was just a bad apple in many ways. |
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Post by Deleted on Mar 28, 2019 15:52:59 GMT -5
Take this for what it's worth since I'm in the almost totally unrelated field of Mathematics Education. To me a person with a "financial background" uses accounting data and makes information from it. The accountant produces the data. Now many CPA's are intimately involved in the design of accounts and of the accounting systems which are used by a particular firm. Yes. But although Finance and Accounting are related, they are different areas. No? At least that's what I gleaned from high school accounting and from reading the papers and talking to people. Maybe I'm totally wrong. To say that more CEO's have a financial background is not necessarily to say that they are Accountants. When I think of college Presidents I think of fund raising and education. I don't know if I'd want a College President to be an Accountant. I'll pay someone to count the funds, we need to raise them, and then invest them prudently. This is where a financial background would be important. (Accountants are kind of thought of, fairly or unfairly, as bean counters). You guys are probably business people; what do you think about these points?
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Post by Super on Mar 28, 2019 16:34:32 GMT -5
Super, thanks. Took a while, but I get your point. However, there must be accountants out there that can move successfully into management. I was talking perception and you were talking reality. Good point. More Fortune 500 CEOs have financial background than any other background -- sales, operations, etc. Seems like this was just a bad apple in many ways. Definitely a misfit! I differentiate between strong financial background and accountant. Education is a unique "animal"--tenure, unions, parental involvement, unpredictable kids, financial pressures, alum, etc.--all present challenges that require skilled leadership and financial planning skills--not management. Joe Nyre was a master. Controller now pleads guilty to fraud. www.lohud.com/story/news/education/2019/03/28/former-college-new-rochelle-controller-pleads-guilty-fraud/3303214002/ |
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Post by IONA86 on Apr 2, 2019 8:54:27 GMT -5
Good point. More Fortune 500 CEOs have financial background than any other background -- sales, operations, etc. Seems like this was just a bad apple in many ways. Definitely a misfit! I differentiate between strong financial background and accountant. Education is a unique "animal"--tenure, unions, parental involvement, unpredictable kids, financial pressures, alum, etc.--all present challenges that require skilled leadership and financial planning skills--not management. Joe Nyre was a master. Controller now pleads guilty to fraud. www.lohud.com/story/news/education/2019/03/28/former-college-new-rochelle-controller-pleads-guilty-fraud/3303214002/More will be coming out regarding this. This was not an issue that was created by one man... he was just dumb enough to sign his name on the financials and go along with a plan to cook the books. I have known him for 45 years... can't believe he would do anything like this. With that said, he was not the person who approved the expansion of their facilities nor did he make the other poor decisions that put the College in its terrible financial condition. |
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Post by Super on Apr 2, 2019 9:38:32 GMT -5
86-my observations are about the former president.
She worked for their external auditor then was hired by the college as CFO before her promotion.
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Post by IONA86 on Apr 2, 2019 9:45:28 GMT -5
86-my observations are about the former president. She worked for their external auditor then was hired by the college as CFO before her promotion. I understood your point... I think when this is all said and done a few people will be guests at Otisville. My big question is regarding their long term auditor, KPMG. How did they not notice these irregularities? |
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Post by IONA86 on Apr 2, 2019 9:48:54 GMT -5
The thing I will miss the most about Dr. Nyre will be the way he participated in the freshman orientation process. Here is a photo of the good Doctor with last years incoming freshman class behind Hagan Hall :  |
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Post by ic1983 on Apr 2, 2019 13:12:34 GMT -5
86-my observations are about the former president. She worked for their external auditor then was hired by the college as CFO before her promotion. I understood your point... I think when this is all said and done a few people will be guests at Otisville. My big question is regarding their long term auditor, KPMG. How did they not notice these irregularities? That question will be explored by CNR’s creditors. KPMG will claim that they were “victims” of the fraud as well. |
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