Comments on: Cooper Union’s shameless trustees http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: scottwilson http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-50247 Mon, 30 Jun 2014 00:28:05 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-50247 The crooked administration through greed and dishonest back room deals has destroyed the dream and purpose Cooper Union has once held. As an alumni of 1976, charging tuition has violated the reason for all my donations to Cooper Union for the past 30 years. If enough people, including myself sue the administration of Cooper Union for all the back donations, it may lead to the dismissal of Dr. Bhrucha, who has no real connection to Cooper Union other than to extort all the money he can from it, and move on.

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By: EE75 http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47123 Thu, 23 May 2013 23:46:40 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47123 My family has supported CU since graduation of 1975 well above the suggested $1000/yr as have many others. Unfortunately, those of us who are grateful and appreciative to be chosen to attend an elite insitution for free are a minority. We have worked hard over the years to educate the alumni about the importance of giving without success. This financial crises was self evident many years ago, with different boards and different presidents. Those of us who truly love CU feel little sympathy for the demonstrators. Before any grant proposals can be seriously considered, the participation rate of alumni giving must go up to prove the sincere efforts of those affected by any changes to CU present and future.

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By: CPCP http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47080 Wed, 22 May 2013 04:34:23 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47080 It is irrelevant that the Board of Trustees and President think they have done a good job…when a large percentage of the student body, teachers, parents, and alumni feel that they have not then obviously the reality is they have not. How can they expect to lead this school at such a critical juncture when they have shown condescension and disrespect by marginalizing The Cooper Community? When asked, board members could not even speak to the value of the meritocracy model…they instead continue to stick to their talking points and well-scripted narrative with the intent to alter the history of this historic institution. The administration showed their true colors when they threatened expulsion and withholding degrees to the students currently peacefully protesting. Anyone with an understanding of the soul of this school would realize how abhorrent and counter that response was to The Cooper Legacy. Members of the Board have come right out and said that dealing with the financial part of this problem took precedence above communicating to The Cooper Community. That is precisely at the heart of this systematic failing. Decisions have been made without remembering what makes The Cooper Union special, the meritocracy and the community; not the facilities and certainly not a fancy 166 million dollar building…no matter how the board wants to spin that as a sound financial decision. The Board of Trustees’ President, Mark Epstein, and President Bharucha, despite their genuine intentions, have become ineffectual due to the community’s lack of trust and confidence. If they truly love The Cooper Union they should gracefully and immediately resign, pledging their assistance in helping usher in new leadership. This would allow the Cooper Community to begin healing and moving forward. It would also allow Mr. Epstein and Dr. Bharucha to show that they do in fact have The Cooper Union’s best interest at heart. What a brave and magnanimous gesture that would be. Even their biggest critics, I among them, could not help but feel some respect and gratitude for having the courage to do the right thing for something we all love…The Cooper Union for the Advancement of Science and Art.

Cheryl Prisco
Current Cooper Union Parent

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47062 Tue, 21 May 2013 01:39:12 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47062 Felix… this kind of post is why 1,000’s of readers keep coming back to your blog.

You’re a good egg buddy!

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By: Cooperalum http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47059 Mon, 20 May 2013 23:27:30 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47059 Mr. Salmon’s comments are some of the most incisive and fair assessments of the situation at Cooper that I have read. The point is that the board and upper administration were irresponsible with the legacy of Peter Cooper and, as a result, the entire institution is at risk. A lack of transparency and accountability by Cooper’s stewards has poisoned the atmosphere for everyone. Why would a graduate of the school give money to an institution that has demonstrated such a lack of financial prudence and respect?

If I read another idiotic comment about “free lunches” and “crybabies” I’m going to puke. If you have no other model to compare education to than a restaurant than you have a seriously limited intellect. The point of the school is that it is supposed to be self-sustaining and if it were run properly it could be.

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By: FifthDecade http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47058 Mon, 20 May 2013 23:18:13 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47058 Was there a “Finders Fee” for the mortgage? An $81 mill prepayment penalty suggests if there was one, it was a high one…

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By: Sculptureshop http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47052 Mon, 20 May 2013 17:26:55 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47052 Great article… Epstein needs to go, and students/ alums need to consider legal action to facilitate his exit.

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By: Cooper_Grad http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47046 Mon, 20 May 2013 14:10:08 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47046 Felix, thanks for continuing to follow the real story of the Board of Trustee’s comedy of errors. The widespread narrative of spoiled, ungrateful students finally having to pay for tuition is just lazy, inaccurate and reeks of sour grapes.

This Board has run Cooper Union into the ground. It’s time to clean house, expose all the errors of the past, and move forward with greater accountability and transparency.

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By: replies http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47044 Mon, 20 May 2013 12:16:26 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47044 Mr. Salmon, You are supposed to be a financial writer and you still don’t seem to understand the finances of higher education, and as pointed out before you still seem reluctant to take the time to check your facts.
You seem to have made this a personal attack on the Cooper Union Board since your accuracy was questioned on air.

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By: TFF http://blogs.reuters.com/felix-salmon/2013/05/19/cooper-unions-shameless-trustees/comment-page-1/#comment-47043 Mon, 20 May 2013 10:52:08 +0000 https://blogs.reuters.com/felix-salmon/?p=21810#comment-47043 TANSTAAFL. You might not like that, Felix, but you can’t deny it. In this case the alumni got a free lunch, and now don’t want to pay for it. Making the excuse that they aren’t billionaires is silly — you don’t need to be a billionaire to contribute something to your school.

If every alumnus contributes $1,000/year, something that even art majors ought to be able to afford, then you have a working school again. But only 20% of them give anything, and most of those probably give less than $1,000/year.

That’s why most colleges and businesses charge people up front. If you wait until after they’ve eaten, there are too many who skip out on the bill.

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