UNC Chapel Hill's highly scrutinized relationship with Bain & Company, a private consulting firm hired to look for ways to cut the university's budget, is the subject of an article in today's Inside Higher Ed.
The article touches on many of the concerns folks in Chapel Hill have had since UNC Chancellor Holden Thorp agreed to hire Bain with money provided by a private donor.
The donor has remained anonymous, as has the cost of the study Bain is conducting. The tight-lipped nature of this deal has many on campus bothered, particularly since Bain doesn't have a ton of experience in higher education.
In this article, Thorp defends his decision.
"I think if you ask people about the way that I've handled most things in the administrative roles that I've had, it's been pretty open," he told Inside Higher Ed. "This was not quite as open as I normally do things, but when you get in these positions sometimes you have to make difficult choices. But I'm confident it was the right choice."
Thorp addressed some concerns at a recent campus forum.
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Fri, 04/03/2009 - 17:32 — robdarichThanks lockman, not having "a ton of experience in higher education" would seem prerequisite for doing something productive. Love it that they stand on their track record and not on the coattails of political favortism.
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Fri, 04/03/2009 - 12:17 — lochmanBain & Co. is a widely recognized leader in business consulting. According to their website "Bain & Company ... help management make the big decisions: on strategy, operations, mergers & acquisitions, technology and organization."
I have worked with Bain staff on a couple of projects at a couple of different companies, and they have always brought the best and brightest resources to the table and came away with valuable insights and recommendations. If some generous benefactor wants to give the UNC system a strategic plan as a gift, I'm all for it!