Tomorrow's editorials: Morgan blocks UMUC program, and the feds cut executive pay
Here are previews of some editorials we're working on. Let us know what you think. The best comments will appear alongside them in the print edition.
--The Maryland Higher Education Commission was wrong to block Maryland residents from the University of Maryland-University College's planned community college administration program on the grounds that the program would duplicate efforts at Morgan State University. Historically, there was a reason to avoid duplicating programs offered at Morgan and other historically black universities at nearby, predominantly white ones; it had the effect of maintaining a racially segregated system of higher education. But that principle doesn't apply in this case.
For one thing, Morgan's program is majority white right now. For another, the reason UMUC developed the program was a growing need for people trained in community college administration; it wouldn't poach Morgan's program but would simply offer more opportunities.
And most important, Morgan's live classroom instruction would be competing with an online program that would be used mostly by students from out of state. If Morgan can't convince prospective in-state students that its program offers something more than online instruction, then it has more problems to overcome than a legacy of segregation.
--The Obama administration is moving to slash the pay of top executives at companies that received billions in government bailout funds. Cash salaries will be cut about 90 percent, and overall compensation will be down about 50 percent. Perks, like country club memberships and private jets, are getting slashed, too. It's about time. Sure, this amounts to a much greater intrusion into corporate boardrooms than the U.S. government has ever taken before. But the bailouts of the seven companies in question were also unprecedented, and furthermore, the executives agreed to oversight on salaries. The executives will still be compensated lavishly, considering they almost bankrupted their companies and the entire nation while they were at it, but at least now the compensation will largely be in the form of company stock that they won't be able to cash in for several years. That means they'll have at least some incentive, for once, to look out for long-term interest, not short-term gains.







Comments
The harm done by our horrible legacy of racial segregation runs so deep in our society that even today many people will choose UMUC over Morgan State University for no other reason than Morgan is an "historically black" college. That is why the Maryland Higher Education Commission voted correctly on this issue. It is going to take more than time to correct our past mistakes; it is going to take rulings such as this one.
Posted by: Sean Tully | October 22, 2009 12:47 PM
Ditto, on MHEC ruling inline with the federal regulations edict"The Maryland Higher Education Commission voted correctly on this issue. It is going to take more than time to correct our past mistakes; it is going to take rulings such as this one."
Posted by: Interested & Engaged Parent of City Schools | October 22, 2009 3:15 PM
The conservatives will scream full throated against any cuts in executive pay as big government intrusion that will come back to haunt us in the future. They will say that the past profligacies of the executives is merely an excuse for meddlesome and anti capitalist Obama to exert control over perks and lavish pays that are as American as apple pie; that this kind of government intrusion will be a disincentive for the best and the brightest to embrace private enterprise. I say, "Baloney!" The executives lost their right to practice unbridled capitalism when they put out their begging bowls to government and until they return all the moneys given to their companies by taxpayers they need to practice restraint. These executives should have bowed their heads in shame for what they did to their companies, they should have sacrificed their bonuses without anyone demanding it and they should have tightened their belts. Did they do it? No! Avaricious and unethical, they continued their extravagant ways and showed no sign of remorse or shame. I would say to the die hard free enterprise mavens, loath to have government regulate anything, the people who have ruined the "free" in free enterprise are these puerile executives, who need to be put on a bread and water diet until American taxpayers have been fully compensated for the financial disaster visited upon them.
Disgusted
Posted by: Disgusted | October 22, 2009 4:44 PM
Morgan State should not hide behind civil rights to stifle competition and declare course monopolies. Historically black colleges are diversifying for economic reasons and enrolling white, Asian and other students from various ethnic and racial backgrounds. Morgan capitulated to its darkest fears instead of relying on its strengths when it fought UMUC. But this victory is the equivalent of a temporary stay order whose time will run out, sooner than Morgan can imagine. There will be other challengers who will force Morgan to face fair competition and a future Maryland Higher Education Commission may not be so sympathetic to the civil rights argument. Morgan should start improving its academic excellence as a rebuttal to what lies ahead; not waste its money and efforts on legal fights to stifle student choices for a good higher education.
Observer
Posted by: Anonymous | October 22, 2009 5:13 PM
Agree on that the decision was wrong by UMUC. Until protectionism is ended the students will suffer. its tantamount to lowering the standards in the military ot lowering acceptance reqiuirements. It does catch up and becomes a drag on the entire credibilty of paper the degree is printed on. Kids desreve the best they can get and shoul Morgan be best, then there is no worries. If is not the best, then why force kids into a sub par prgram.
On the pay issue. The bailouts were a mistake, they are only further made absurd by the Obama Adminsitration's continuance, as they take the term government intrusion to a whole new level. This is wht happens when you give an inch to the left fringe. To be fair, I opposed the bailouts when Bush did them. There is no industry in the Free Market too big to fail. That includes these banks, Chrysler, and GM. But that is not the current issue. The current issue is pay.
Like many i cant fathom making $45M a year or more. The difference is, i do not particpate in class warfare or jealousy of others position in life. In this case, while absurd pay to the common person like me, i dont live in that world and I so I dont know what a highly skilled banker is worth. That said, who am I to judge? I see instead a riskier proposition --tha as a distant shareholder ( via the bailout) of losing the best talent to the banks not receipt of treasury funds. That, in theory, puts my invesatment at risk. Secondly, The notion of a pay Czar ( which he prefers not to be called despite the president hanging this tag on him personally) delving into unchartered territories of pay regulation across further segments not indebted to the government is where my alrm bells go off. The repeated railing against success by democrats on executive compensation is class warfare and, in my mind, plays to a broader populist anger from the have nots. Is that what we want? Class and economic warfare? I see democrats as demagogues on race and econmic stature. They specialize in pitting one group against the other, and hope to enjoy the benefits of a divided nation.
Lost, however, in all of this, is the what actually led to the downfall and riky mrtgages in the first place. Surpise! it was government intervention in the Private Sector by Liberal Democrats bent on Social engineering. The community reinvestment act of 1977 sponsored and Shoved through Congress by none other Senator Chrstopher Dodd, who coincidentally benefited enormaously from his ties to Fannie and Freddie( but that is for another time-Much like his corrupt father before him, he wreaks with illegalities) . It was thisw act, based on an originally faulty study, that found that low income applicants tended to have tougher times getting approved for a loan for housing. Therfore, Dodd and Democrats insisted on tossing aside common sense guidelines for incomes vs debt and basically forced bank to take on the loans for those that didnt qualify. To these Democrats, it was a far more sinister matter than economics--it was discrimanatory. When these loans began to default, the bubble began to burst. Where was Dodd? He was denying any significant role in the whole mess, while fending off criminal charges for questionably arranged housing deals. This is what happens when the government intrudes based on "feelings" and not business.
Hang tight, as we are getting to go through it all over again. Now that the banks have been bailed out, we are about to duplicate the same mistakes. The cries of " the banks wont lend any money" can be heard miles away. So, what is governments answer--begin pressuring them to make loans, even when their own metrics say--"stop-do not loan":
Now, we have "everybody hates the mean banker' and the evil "nak executives who caused all this mess"...mentality being perpetrated falsely by the same Democrats who were neck deep at the inception of the whole mess. Go figure.
Posted by: carlhk1 | October 22, 2009 6:34 PM
"or no other reason than Morgan is an "historically black" college. "
That is incorrect.
It's because Morgan is a college that has historically been run by corrupt and incompetent administrators that have run it into the ground and then blamed underfunding and racism for their own lack of ability. And it worked again. Now let's see how long it takes Morgan to not get around to offering the program online and then blaming underfunding and racism because they couldn't be bothered.
It's a pattern we've often seen with Morgan and will be repeated again until people stop being afraid to be accused of being racist by these clowns.
Posted by: Michael C | October 23, 2009 11:00 AM
"Morgan is a college that has historically been run by corrupt and incompetent administrators "
Yup! One has been Rep Cummings!
What has HE done for you in his time in congress? Has he improved your lives?
Posted by: Fed Up | October 23, 2009 11:15 AM
It would be better the offer better programs and create the demand for their services rather than to eliminate competition by legal actions.
This is simply wrong, and provides proof that Maryland and the administrators at Morgan don't care about providing what is best for the students.
Posted by: JTF | October 24, 2009 8:35 PM