ECU problems demand change
Saturday, May 18, 2019
I read with great concern, shock and some anger your May 6 article entitled "New ECU leadership faces significant challenges." As an alum and North Carolina taxpayer, I believe ECU deserves better leadership.
Your article indicated ECU has seen a $60-70 million swing in cash flow since 2016 with a projected deficit approximating $50 million this year and with losses "... expected to grow in 2020 and beyond." The financial administrator indicated she could not balance the budget, a Board of Governor’s member said that institutional debt has doubled to $400 million, and the paper reported none of these financial issues were publicly discussed in six recent Board of Trustees meetings, including a trustees retreat in January in Pinehurst. My information indicates ECU is currently "maxed out" in borrowing. Who's caring for ECU or the public trust?
Since our interim chancellor is now in place, it's time for significant change in the Board of Trustees also. Thankfully, some new members/leaders have been named. My concern is with those slated to continue. On what performance basis is their continuation merited or justified? What evidence is there that future decisions will yield far better results?
ECU needs strong leadership to solve our current problems from both an effective interim chancellor and a strong (working jointly, actively, and collectively) board of trustees. We need proper management and involvement to prevent the current situation from re-occurring. We need immediate attention and improvement. Every continuing member needs assessment and possible replacement. Certainly, new BOT leadership should not come from those in current leadership positions. Our institution is too precious and important for its future to be jeopardized in any way.