waltgreenberg
Legend
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I Root For: Rice Owls
Location: Chicago
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RE: OT- Rice's Doerr Institute for New Leaders
(08-15-2018 05:39 PM)Owl 69/70/75 Wrote: (08-15-2018 04:05 PM)waltgreenberg Wrote: (08-15-2018 03:51 PM)Houston Owl Wrote: I'm not sure Baylor terminated the deal. I know that Rice was concerned with the shaky financial status of BCM (including the partially finished hospital that was on the ropes).
At the time, BCM had many more faculty members than Rice...there would have been some risk to Rice going forward. (I personally think it was worth the risk, but I can understand the conservative decision).
You're correct. Baylor may very well have terminated the deal, but we backed out first after doing comprehensive due diligence. The numbers were perceived to be just too risky by the BOT.
My understanding was that Baylor U had some voting power (possibly even veto power) with respect to BCM and opposed the deal, and that the risk convinced us not to make any effort to overcome Baylor U's opposition.
Yes, Baylor had veto power. However, the BOT made their decision independent of that. It was deemed far too great a financial risk for the University.
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08-15-2018 07:30 PM |
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