Nevertheless, the Board feels strongly and overwhelmingly that we need bold and proactive leadership on tackling the difficult issues that we face. The pace of change in higher education and in health care has accelerated greatly in the last two years.* We have calls internally for resolution of tough financial issues that require hard decisions on resource allocation. The compensation of our valued faculty and staff has continued to decline in real terms, and we acknowledge the tremendous task ahead of making star hires to fill the many spots that will be vacated over the next few years as our eminent faculty members retire in great numbers. These challenges are truly an existential threat to the greatness of UVA.
This decision, it would appear, has been driven primarily by "philosophical differences in opinion" revolving around finances. I truly have no clue about the financial operations of large public research institutes. I am curious, though, if there are other publics (or I suppose privates for that matter) who are similar to UVA that are weathering these difficult times with greater efficiency/success. If so, what are they doing differently that might serve as a model?