The Board of Trustees arrived in Ithaca last night for what will be a series of long and daunting days marked by uncertainty. No one knows when world markets will stabilize or when the job outlook will become sustainable. As the trustees grapple with all of this, we cannot offer any comprehensive solutions. What we can do, however, is posit some advice.
Serving as Cornell’s governing board, the trustees have two overarching responsibilities. First, it is in their power to determine the University’s financial policies, while making decisions pertaining to construction, financial aid and academics. But second, the Board of Trustees must also keep in mind the moral and social responsibilities as managers of a multi-billion dollar investment portfolio.