July 16, 2014

HIGHER EDUCATION BUBBLE UPDATE: Benjamin Ginsberg: College Presidents — New Captains Of The Titanic?

After the Titanic struck the iceberg, the ship’s captain and senior executives were said to be unworried. How could their mighty ship sink? The hubris and arrogance of the ship’s captain and senior officers was astonishing. They seemed to believe that because they were handsomely recompensed, resplendent in their uniforms and saluted by their toadies, their little world would never end. While the passengers and lowly crew members were beginning to panic, the officers urged them to remain calm. They were confident that the ship was unsinkable and on course. The dining rooms remained open and the ship’s orchestra played on to soothe the foolish passengers and crew who prattled about an utterly impossible impending disaster. Unfortunately, more than a century later, the good ship Titanic remains at the bottom of the ocean. Some of her passengers survived but 1500 did not, victims of the captain’s decision to maintain course and steam full speed ahead despite numerous warnings from experienced crew members that there were icebergs in the vicinity.

I’ll bet these captains won’t go down with their ships.