I read and listened with interest as the discussion of reducing "costs" at Texas A&M University hit the headlines recently. I have spent more than 30 years in higher education finance -- 22 at the University of Michigan and more than eight at Texas A&M. I am not sure the right questions are being asked.Krumm calls for an external group to be brought in to figure out where the money is going. Interestingly, the online version omits a paragraph found in the print edition:
Then examine he costs of running the system offices and the Board of Regents. All costs must be captured and addressed, including services and hosting activities provided by the university to the system offices. Some of these costs may have to be imputed, as there is no current market price for such items as the chancellor's private box at Kyle Field and similarly provided services and activitiesVision 1920 says: let's not get carried away here.