Part of the cancer at my alma mater, Bethune-Cookman University, has been extracted with the resignation of President Edison O. Jackson. The remaining part of that cancer is the board of trustees.
Jackson could not have gotten the institution in its present state without the board. Either there is collusion or we have a board lacking business sense, common sense or understanding of its fiduciary responsibility.
(READ: B-CU vows new era of transparency)
We need a board that understands its fiduciary responsibility to Bethune-Cookman University. A board that understands the president reports to the board, not vice versa. We need a strong chairman; Joe Petrock is not the one. We need a board with members who can generate money for the institution.
If Bethune-Cookman University continues with the present board of trustees, Jackson’s resignation will be like using a Band-Aid to close the wound after open-heart surgery. The job is not complete….