University chiefs waste 1m pounds sterling
Article Abstract:
Higher Education Business Enterprises (HEBE), created with loans of more than 700,000 pounds sterling from UK universities to develop the commercial potential of the country's higher education sector, has failed following losses of more than 1.1 million pounds sterling. Vice-chancellors and principals, who own HEBE through the Committee of Vice-Chancellors and Principals and the Standing Conference of Principals, are now being asked to write off their loans to allow the venture to be wound up. Some observers believe that HEBE has hampered by lack of market research and planning.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Money looks cleaner for a growth of ivy
Article Abstract:
UK universities do not admit in public that there could be ethical issues associated with taking money from controversial sources for named professorships. However, many professors are expressing concern about this matter in private. In particular, there is concern about whether accepting money from sources with vested interests has a negative impact on a university's independence. It seems unlikely that universities really believe that sponsors of chairs will expect nothing in return for the investment apart from the boost to their image.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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