President’s Letter

hard . . . to maintain and achieve as many excellences as is at all possible in these times.”

The “we” in this statement recognizes that it is the faculty, students, staff, top leadership, trustees, alumni, parents, and local, national and worldwide friends whose active engagement has made Stanford a continuously renewed intellectual and moral effort.

Over the last five years, I have certainly attempted to make my contributions to this effort through a host of academic and other initiatives. It is, however, important to remind ourselves that the most crucial decisions ­ the selection of students, essential features of the curriculum, and the initiation of faculty appointments ­ in the contemporary university are mostly under the control of the faculty because that is where subject matter expertise lies. Few businesses have as many highly differentiated “product lines” as universities do. The almost unlimited multiplicity of actual or possible endeavors is one reason why university decision-making needs to be so decentralized. In the end the faculty hold most of the cards. This is the way it should be because this is the way it needs to be.

The public frequently misunderstands the nature of university governance (as do incidentally many members of the faculty) and ignores the most basic aspects of academic freedom. One of my favorite letters of the last five years came from an American Legion Auxiliary in response to a faculty member’s views concerning World War II as expressed on television: “It is my understanding that you serve as President of Stamford [sic!] University. I presume your position grants you the power to control the conduct of professors teaching in your prestigious school.” I do not wish it were so.

Universities are built by many and they are built to last. My colleagues James Collins and Jerry Porras recently published a book about “successful habits of visionary companies” which they entitled Built to Last. They reminded us that charismatic or visionary leaders pass away and great ideas become obsolete, while “visionary companies” prosper over long periods of time. Great universities are exactly that, visionary institutions, built, stone after stone, to last.

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MAY/JUNE 1997

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