By Robert Mann
The wordabout LSU’s financial woes, particularly the threat of academic bankruptcy, is now national news. From the Boston Globe to Bloomberg News to the Houston Chronicle to Al Jazeera America, the news is out that LSU is on the ropes.
First, LSU President F. King Alexander issued a statement on Wednesday, in which he said, “Based on the current status of the budget debate, we have decided to begin contingency planning for exigency as many of our campuses may be impacted, as well as other campuses across the state.”
Exigency is the academic equivalent of bankruptcy or insolvency. It would allow the university to fire or furloughtenured faculty and instructors. Even partial exigency will ruin auniversity’s reputation.
Already, it’s sure bet that recruiters from the University of Alabama, Ole Miss and LSU’s other regional competitors are reminding their academic prospectsthat LSU might not be open for…
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