‘This Isn’t Just a Financial Problem’ - Rick Seltzer, Inside Higher Ed

CFOs need board and presidential support to put turnaround plans in place, presenters at the annual business officers' meeting say. It's not particularly hard to find a chief financial officer who can tell a story about being hired, running the numbers and then watching the chair of the board's jaw drop when he or she learns for the first time how far the institution is in debt. What is harder is finding someone offering firm recommendations on the role CFOs should play in delivering the bad news, making sure administrators, faculty members and other leaders take it seriously, and then plotting a course to turn around a college. https://www.insidehighered.com/news/2018/07/25/cfos-are-key-college-turnaround-plans-they-cant-do-it-alone