Fall Meeting of the Board of Trustees 10/28/08
Mary Schantz October 28th, 2008
October 28, 2008
Dear Fellow Scots:
On Saturday, the College’s Board of Trustees held their fall meeting, following a very full schedule of committee work on Thursday and Friday, as well as a celebration of the formal dedication of Gault Manor on Friday evening. In this report, I will share with you, as I did with the Board on Saturday, updates on our strategic priorities, but now more than ever these need to be situated in the context of the larger economy.
My view is that The College of Wooster is very favorably positioned, not simply to weather the storm, but to emerge from it in a stronger position. I have been talking with colleagues and experts across the country. One analyst put it this way: “The organizations that will come out ahead are those that have the following characteristics: (1) modest debt on their balance sheets; (2) relatively unimpeded by constraints on liquidity; (3) a diversified, conservative and protective investment posture; (4) a high quality, differentiated product in their markets; (5) a clear vision of their core mission; and (6) bold and confident leadership.”