Richard Joel, Yeshiva University (YU) president for the last 13 years, just announced his resignation in an email to the entire YU community (full text below). The email does not specify the effective date but states that he is asking the board to form a search committee for a successor. It would be nice if he had specified an effective date.
His announcement was timed to coincide with YU’s losing control of the Albert Einstein College of Medicine (due in part to mismanagement and to Joel’s managing to lose $1.3 billion). Fixing YU will depend on getting rid of the board that enabled Joel and was in some cases profiting from the problematic investments. Continue reading