- Saks Global to file for Chapter 11 bankruptcy imminently, sources say
- $1.75 billion financing led by Pentwater and Bracebridge
- Financing allows Saks to repay vendors, restock inventory during reorganization
Finance
Reevaluating Board Composition
1
By Dr. Robert Straw, CEO Zurich Campus, China Europe International Business School
In an era marked by volatility, uncertainty, complexity and ambiguity (VUCA), the effectiveness of a corporate board depends not only on the technical depth of its members but also on the breadth of their strategic and leadership capabilities. This article argues for recalibrating board composition, particularly in global corporations. It contends that the trend of appointing domain-specific experts to the board—a model likened here to a “Noah’s Ark” of paired expertise—is increasingly ineffective. Instead, the most resilient and high-functioning boards are those led by generalist leaders: former chief executive officers (CEOs), senior executives and operational general managers with track records of strategic oversight and people leadership. I propose a hybrid model that favors generalist board composition, supplemented by specialist consultants as needed, thus maintaining the board’s strategic integrity while ensuring subject-matter rigor.
1. The “Noah’s Ark” problem in boardrooms
Across many global boardrooms today, a familiar pattern has taken hold—a structure that mirrors the Biblical Noah’s Ark. For every critical domain, boards are stacked two by two: two cybersecurity experts, two marketing authorities, two finance veterans, two talent gurus, et cetera. The intent is risk mitigation and representation, ensuring every discipline has a voice. Yet this Noah’s Ark strategy, while symbolically complete, is strategically flawed.
Rather than charting a bold course, these boards often resemble floating zoos of expertise, in which directors are isolated by often outdated specialties and are overly deferential to their functional peers. As each pair narrows its focus to its specific discipline, the board risks losing the cross-functional integration and strategic oversight essential to corporate governance. This leads to fragmented accountability, outdated expertise and authority bias—quite often to the advantage of and/or burden on the chairperson.
Roberta Sydney explicitly critiqued this model. “Generalists—rather than specialists—make for great board directors…to be better prepared to govern in times of uncertainty.” The problem is not that specialists lack value; it’s that the permanence of their board seats can create intellectual silos and stagnation.
The academic literature supports this observation. Yaron Nili and Roy Shapira noted in the Yale Journal on Regulation that appointing specialists may, in fact, reduce the diversity and quality of strategic debate. “Authority bias leads to suppression of diverse viewpoints,” they argued, “particularly when the specialist has been recruited under the premise of exclusivity of knowledge.”
The alternative is to rethink the ark: not as a static collection of experts, but as a vessel guided by navigators—generalist leaders who can synthesize, question and direct. These are individuals who have operated companies, not just departments; who have balanced growth and risk, not just analyzed it; who bring perspective, not just credentials.
In this article, I argue that the future of corporate governance lies not in Noah’s Ark duplication of expertise, but in empowering generalist captains who can integrate functional insights and steer with strategic clarity. Functional experts should remain part of the picture—as consultants, advisory panelists or rotating guest participants—but not permanent fixtures at the helm.
2. The limitations of specialist-dominated boards
2.1 Obsolescence of expertise
Expertise, particularly in rapidly evolving fields such as cybersecurity or digital marketing, has a half-life. A director whose reputation is grounded in achievements from a decade ago may no longer be equipped to handle contemporary challenges in that domain. As Sydney remarked, “Expertise earned in the past can easily become obsolete when not continually tested in real-time environments.”
Nili and Shapira found that directors labeled as specialists often experienced a depreciation of influence over time, especially when their technical knowledge failed to align with emerging trends or technologies. In effect, these directors may inadvertently become liabilities rather than assets.
2.2 Authority bias and groupthink
When boards rely heavily on domain specialists, they risk developing a cognitive dependency on those individuals, leading to authority bias. This creates a boardroom dynamic in which certain directors dominate conversations in their areas of specialized expertise, while other members hesitate to challenge or question their contributions.
As Nili and Shapira noted, “Authority bias leads to suppression of diverse viewpoints, particularly when the specialist has been recruited under the premise of exclusivity of knowledge.”
This contributes to groupthink, which may hinder the board’s ability to critically evaluate, discuss and challenge strategic decisions from a multi-dimensional perspective.
2.3 Fragmented oversight and responsibility silos
A board composed of function-specific experts risks devolving into a confederation of silos. Each director may focus narrowly on his or her area, resulting in an aggregation of perspectives rather than an integrated strategic vision. This is antithetical to the board’s purpose, which is to provide overarching governance and align on long-term value creation.
Moreover, these silos can lead to poor communication and accountability. For example, cybersecurity may be deemed “handled” because a former chief information security officer (CISO) is on the board, but this individual may not be aligned with current best practices or may fail to integrate the issue into a broader risk framework.
2.4 Firms exemplifying the Noah’s Ark-like board composition
According to my framework evaluation, the following companies have (had) boards predominantly composed of domain-specific experts, which may lead to fragmented oversight and a lack of cohesive strategic direction:
- Credit Suisse Group AG
- Prior to its acquisition by UBS in 2023, Credit Suisse’s board was heavily populated with specialists in risk management, compliance and technology.
- The lack of generalist leadership contributed to challenges in strategic oversight and cohesive decision-making. We all know what happened here.
- Synopsys Inc.
- The board includes individuals with deep expertise in software, semiconductors and related technical fields.
- While this brings valuable insights, in my view, the board lacks a sufficient number of generalist leaders with broad operational experience.
- Ansys Inc.
- Ansys’s board comprises individuals with substantial experience in the engineering and technology sectors.
- The composition leans heavily towards technical expertise, potentially limiting broader strategic perspectives.
- Dell Technologies
- The board is composed of members with extensive backgrounds in technology and engineering.
- This concentration of technical expertise may result in a narrower focus on operational and strategic issues.
- NVIDIA Corporation
- NVIDIA’s board includes several members with strong technical backgrounds in graphics processing and computing.
- While beneficial for product development, this may limit diverse strategic viewpoints at the board level.
3. The strategic value of generalist leadership
3.1 Systems thinking and integration
General managers bring a systems-oriented perspective, honed by years of operational leadership, cross-functional collaboration and enterprise accountability. Unlike specialists, they are not confined by functional dogma and are more adept at evaluating trade-offs, interdependencies and strategic timing.
Generalists also tend to excel in scenario planning, a crucial skill in the VUCA landscape. Their exposures to multiple business cycles, regulatory environments and stakeholder contexts equip them to contextualize issues that transcend functional boundaries.
3.2 Leadership and people-management acumen
Boards are not merely technical advisory bodies; they are fiduciary stewards responsible for setting the tone, culture and long-term direction. As such, directors need more than technical knowledge—they require leadership. Generalists who have led large teams and managed significant P&Ls (profits and losses) bring firsthand knowledge of how strategic decisions impact people, performance and profit.
As Roberta Sydney put it, “Great board members are not those with the narrowest expertise but those with the broadest capacity to lead, challenge, and support from a holistic standpoint.”
3.3 Enhanced strategic dialogue and decision-making
Strategic oversight requires directors to ask the right questions, not just provide the right answers. Generalists, with their cross-functional experience, are often better positioned to identify gaps in strategy and explore unintended consequences. They can bridge specialists’ knowledge without becoming trapped in it.
The National Association of Corporate Directors (NACD) has emphasized that effective boards engage in strategic conversations that go beyond operational details. This necessitates board members who can traverse diverse domains and synthesize insights.
3.4 Seven global firms with best-in-class generalist boards
Here are seven “best-in-class” global firms with board compositions that reflect their strong commitments to generalist leadership, strategic breadth and cross-functional oversight. These boards embody the antithesis of the Noah’s Ark model by prioritizing operational experience, enterprise leadership and integrative thinking over siloed technical specialization.
- Best Buy Co., Inc.
- Why it stands out: Includes seasoned CEOs (Corie Barry, Hubert Joly) and chief financial officers (CFOs) (Karen McLoughlin), blending operational, digital and financial acumen.
- Governance strength: The board is involved in long-range planning and organizational culture, not just functional compliance.
- Nestlé S.A.
- Why it stands out: Features former CEOs (Paul Bulcke), global executives and experts in nutrition, marketing and ESG (environmental, social and governance).
- Governance strength: Diversity of leadership backgrounds contributes to long-term strategic alignment across global markets. P.S.: There’s not a single Swiss on the board, although it is Swiss-based.
- Microsoft Corporation
- Why it stands out: Strong mix of tech innovators (Satya Nadella, Reid Hoffman), policy leaders (Penny Pritzker) and investors (Hugh Johnston).
- Governance strength: The board’s composition enables foresight in innovation and adaptability to policy and market shifts.
- Unilever PLC
- Why it stands out: Board members have held leadership positions across consumer goods, sustainability and emerging markets.
- Governance strength: Emphasizes a purpose-driven strategy with operational execution.
- Procter & Gamble Co.
- Why it stands out: Broad operational experience across marketing, international business and corporate strategy.
- Governance strength: The board is known for supporting long-term innovation while managing scale and complexity globally.
- ABB Ltd.
- Why it stands out: Chaired by Peter Voser (former Shell CEO) with board members including industrial CEOs, CFOs and operational leaders (e.g., Atlas Copco, Caterpillar Inc.).
- Governance strength: Industrial and engineering complexity is matched by real-world general-management experience across sectors and geographies.
- UBS Group AG
- Why it stands out: Although historically more specialized, the current board reflects a shift towards generalist leadership: banking CEOs (Gail Kelly), macroeconomists (William Dudley), policy advisors and digital leaders. This board has learned from the Credit Suisse debacle, ensuring that it moves towards a more generalist approach.
- Governance strength: Increasing emphasis on governance, geopolitical awareness and technology strategy with global integration.
4. The hybrid model: Generalists with consultative experts
A growing number of governance experts advocate a hybrid model in which boards are composed primarily of generalist leaders while subject-matter experts are brought in on an ad hoc or consultative basis. This model preserves the board’s strategic bandwidth while still incorporating the latest expertise in fast-moving domains.
The Harvard Law School Forum on Corporate Governance wrote, “Adding a director with a narrow range of expertise may reduce the quality of board discussions on other, more prevalent topics on the agenda. A better approach is to access specialist knowledge via external advisors or advisory boards.”
This approach is not merely theoretical. Many high-performing boards have established external advisory panels or rotate in technical experts for specific strategic reviews or quarterly deep dives. These consultants provide real-time insights without permanently altering the board’s structure or diluting its strategic cohesion.
5. Global governance implications
Global organizations require directors who understand international markets, regulatory systems and geopolitical dynamics. Generalists who have managed operations in multiple regions bring nuanced perspectives that specialists often lack. Their broader worldview is essential in aligning global strategy with local execution.
General managers are more likely to bring experience from multiple sectors, enabling boards to cross-pollinate ideas and practices. In contrast, specialists often have deep but narrow experiences, which can limit innovation or relevance across different contexts.
Generalists tend to be better crisis managers. Having led through downturns, restructurings and transformations, they are equipped to make swift, principled decisions under pressure. Their presence on the board strengthens institutional resilience.
6. Recommendations for board-composition policy
- Prioritize leadership track records in board recruitment.
Search committees and nominating boards should place greater emphasis on operational-leadership experience rather than on recent technical expertise. Candidates should be evaluated on their ability to synthesize, challenge constructively and lead across functions.
- Establish standing advisory councils.
Rather than embedding all needed expertise within the board, organizations should institutionalize external advisory councils composed of domain experts who can be called upon for in-depth consultations.
- Conduct regular composition audits.
Boards should assess their composition annually to ensure alignment with strategic needs, not just with compliance checklists. This includes identifying whether a board has become too narrow in its functional expertise and whether it retains integrative thinkers.
- Educate about governance over expertise.
Board-onboarding programs should stress fiduciary responsibility, enterprise leadership and strategic oversight rather than domain mastery. General governance capabilities should be cultivated and prioritized.
Conclusion
The composition of a board is one of the most powerful levers for corporate performance. In a globalized, fast-changing environment, boards must be able to operate above the fray of specialist silos. The evidence increasingly supports a model that privileges generalist leadership, enriched by specialist insight when needed but not dominated by it.
Don’t fill the ark—staff the bridge: Boards need navigators, not more passengers.
By adopting a generalist-first philosophy in board appointments, global corporations can foster more integrated thinking, sharper strategic oversight and greater institutional resilience. The Noah’s Ark model of expert duplication is outdated; what boards need today are strategic navigators who can steer through complexity—not passengers who specialize in reading one part of the map.
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Finance
Ghana dispatch: Former Finance Minister detained by US immigration authorities pending extradition review
Former Ghana Finance Minister Kenneth Ofori-Atta was detained by US Immigration and Customs Enforcement (ICE) on January 6 in Washington, DC, where he remains in custody at the Caroline Detention Facility in the state of Virginia. His detention follows Ghana’s December 10 formal extradition request to the US Department of Justice for Ofori-Atta, who faces 78 counts of corruption and corruption-related offenses.
ICE agents arrested Ofori-Atta around 11:00 AM at a luxury apartment complex in Washington, DC. According to the ICE Online Detainee Locator System, Ofori-Atta remains “in ICE custody” as of January 11, 2026. Ghana’s Attorney General and Minister of Justice Dr. Dominic Ayine confirmed that Ofori-Atta is represented by private legal counsel. His lawyer, Frank Davies, stated that Ofori-Atta traveled to the United States for medical treatment and that a legal challenge to his custody has been filed in court. According to a January 10, 2026 press release signed by Ghana’s Ambassador to the United States Victor Emmanuel Smith, Ofori-Atta has declined consular assistance from the Ghana Embassy.
The US State Department revoked Ofori-Atta’s visa in 2025, according to Ghana’s Attorney General Dominic Ayine. The Attorney General further emphasized that it was the visa revocation—rather than a visa overstay or expiration—that triggered US federal enforcement action. The US Department of Justice is currently reviewing Ghana’s extradition request under the “dual criminality” doctrine, which requires confirmation that the alleged financial crimes in Ghana would also be prosecutable in the United States.
Kenneth Ofori-Atta served as Ghana’s Finance Minister under former President Nana Addo Dankwa Akufo-Addo. He faces charges related to alleged corruption in multiple government contracts, including a GHS 125 million contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML), the $400 million National Cathedral Project, ambulance procurement for the Ministry of Health, and electricity company contracts. Ghana’s Office of the Special Prosecutor (OSP) formally charged Ofori-Atta on November 18, 2025. The OSP seeks to recover misappropriated public funds through the government’s Operation Recover All Loots (ORAL) initiative launched after the National Democratic Congress won the 2024 presidential election.
The extradition request follows a months-long effort by Ghanaian authorities to secure Ofori-Atta’s return. The OSP requested Ofori-Atta appear for questioning on February 10, 2025 via a letter dated January 24, 2025. His solicitors responded January 31, stating he had left Ghana in early January for medical treatment in the United States and was “out of the jurisdiction indefinitely for medical examinations.” The solicitors requested rescheduling and offered to provide information to aid investigations.
On February 10, the OSP directed Ofori-Atta to provide a reasonable return date, warning that failure to comply would compel the OSP to “take all legal steps to secure his return to the jurisdiction.” His solicitors responded the same day, stating a doctor recommended he remain in the US for possible surgical intervention. The following day, February 11, his solicitors inquired whether the OSP conducted a search of Ofori-Atta’s premises, which the OSP denied.
During a February 2025 press conference, the OSP declared Ofori-Atta a fugitive, stating it was unconvinced by the medical report and disagreed that returning to Ghana would endanger his life. The OSP characterized his extended stay as “an attempt to avoid return to the jurisdiction.” By June 2025, Ghana secured a judicial arrest warrant and successfully placed Ofori-Atta on Interpol’s Red Notice database, though the notice was temporarily removed from public visibility following a challenge by the accused. The OSP transmitted a letter to the Attorney General on December 9 requesting formal extradition proceedings.
The charges against Ofori-Atta and seven other individuals include conspiracy to commit the criminal offense of directly or indirectly influencing the procurement process to obtain unfair advantage in contract awards, contrary to section 23(1) of the Criminal and Other Offenses Act, 1960 (Act 29) and section 92(2)(b) of the Public Procurement Act, 2003 (Act 663) as amended by Act 914. The charges stem from investigations into alleged corruption and financial irregularities in the GHS 125 million contract between the Ghana Revenue Authority and Strategic Mobilisation Limited. The Special Prosecutor is seeking to recover the amount, describing it as unjust enrichment obtained through unlawful means.
Among the most prominent allegations against Ofori-Atta involves the National Cathedral Project. In November 2024, the Commission on Human Rights and Administrative Justice concluded an investigation into the project, which was initiated by former President Akufo-Addo with an estimated cost of $100 million from private funds. The cost surged to $400 million, with the investigation revealing that the contract awarded to Ribade Company Ltd was void ab initio for violating mandatory provisions of the Procurement Act. The investigation recommended that the Board of Public Procurement Authority cancel the contract and investigate the Board of Trustees. Ofori-Atta allegedly authorized the release of $58 million in state funds toward construction costs. The project remains an incomplete excavation site in central Accra, on land formerly occupied by government buildings and judges’ residences. Additional charges relate to alleged corruption in ambulance procurement for the Ministry of Health and the termination of a contract between the Electricity Company of Ghana and Beijing Xiao Cheng Technology.
The extradition proceedings will be governed by Ghana’s Extradition Act, 1960 (Act 22), which applies where an extradition agreement exists with the requesting state. Section 2 of the Act mandates declining extradition requests if the offense is of a political character, with a Magistrate responsible for determining whether charges meet this standard.
Article 40 of Ghana’s 1992 Constitution requires Ghana to observe treaty obligations and settle international disputes peacefully. This aligns with Article 1 of the UN Charter, which requires states to maintain friendly relations based on principles of equality and respect for human rights. The principle of pacta sunt servanda, enshrined in Article 26 of the 1969 Vienna Convention on the Law of Treaties (VCLT), requires states to observe treaty obligations in good faith. Both Ghana and the United States are bound by their extradition agreement and are barred from invoking municipal law to avoid treaty obligations under Article 27 of the Vienna Convention, except in circumstances permitted under Article 46, which addresses capacity to conclude treaties and inconsistencies with normal practice and good faith.
The extradition request comes as Ghana and the United States maintain reciprocal cooperation on extradition matters. Ghana previously cooperated with US extradition requests, including the extradition of Ghanaian citizens to the United States for alleged crimes against US citizens. In one case, Abu Trica and other Ghanaian citizens were extradited to face charges related to an alleged $8 million romance scam targeting US citizens, demonstrating the mutual nature of bilateral treaty obligations.
The case against Ofori-Atta represents part of broader anti-corruption efforts in Ghana. Corruption has been a persistent challenge in the country since independence, with state officials diverting public resources to personal ventures. Ghana has implemented multiple measures to combat corruption, including Article 8(2) of the 1992 Constitution and Section 16 of the Citizenship Act, 2000 (Act 591), which restrict dual citizens from occupying certain key offices. The country has also created specialized institutions including the Office of the Special Prosecutor and the Economic and Organised Crimes Office. The 2024 presidential and parliamentary elections saw a change in political power, with the National Democratic Congress defeating the New Patriotic Party by approximately one million votes. The worst recorded corruption cases under Ghana’s fourth republic occurred during Ofori-Atta’s tenure as Finance Minister, prompting public demands for accountability that influenced the election outcome. The current NDC administration immediately established Operation Recover All Loots to recover misappropriated public funds.
Opinions expressed in JURIST Dispatches are solely those of our correspondents in the field and do not necessarily reflect the views of JURIST’s editors, staff, donors or the University of Pittsburgh.
Finance
Exclusive: Saks Global nearing $1.75 billion financing plan ahead of bankruptcy filing, sources say
NEW YORK, Jan 13 (Reuters) – Beleaguered luxury retailer Saks Global is close to finalizing $1.75 billion in financing with creditors that would allow its iconic Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus stores to remain open, two people familiar with the negotiations said.
The department store conglomerate wants to reorganize its debt and operations in Chapter 11 bankruptcy, which it could file “imminently”, the people said.
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The financing would provide an immediate cash infusion of $1 billion through a debtor-in-possession loan from an investor group led by Pentwater Capital Management in Naples, Florida, and Boston-based Bracebridge Capital, the people said.
The company’s banks would also provide an additional $250 million in financing through an asset-backed loan, the people said, asking not to be identified because the discussions are private.
A DIP loan helps companies pay salaries, vendors and other ongoing expenses while a company goes through Chapter 11 bankruptcy, allowing it to continue operating while reorganizing its business. DIP financing gives investors priority repayment if the company isn’t successful and has to liquidate, so a bankruptcy judge will have to sign off on it.
Saks Global, which controls stores and brands that have helped shape America’s taste for high fashion over the last century, would have access to another $500 million of financing from the investor group once it successfully exits bankruptcy protection, the sources added.
The negotiations are still fluid and the exact terms of the lending package could change, they cautioned. The financing plan would also need approval from a bankruptcy judge before it is finalized. The filing could come as soon as Tuesday, the people said.
The DIP finance package would allow Saks Global to repay its vendors and restock depleted inventory, one of the people said, while a Chapter 11 reorganization allows it to continue operating as it restructures its finances and renegotiates lease agreements and other contracts.
The so-called DIP loan could eventually be converted into equity or another type of asset, instead of repaid, if Saks successfully emerges from bankruptcy, one of the people said.
PJT Partners, which is advising Saks on its restructuring, declined to comment. Saks did not immediately return a request for comment.
A LUXURY DREAM THAT FAILED
Driven by the vision of real estate investor Richard Baker, Canada-based conglomerate Hudson’s Bay Co, which had owned Saks since 2013, bought rival Neiman Marcus in 2024 for $2.65 billion and spun off its U.S. luxury assets to create Saks Global. The plan was to more easily take on competitors like Bloomingdale’s (M.N) and Nordstrom by bringing together two of America’s best-known department store chains.
Big names such as Amazon (AMZN.O) and Salesforce (CRM.N) backed the Saks Global deal by becoming equity investors.
While the marriage gave the newly formed luxury conglomerate more leverage to negotiate discounts with vendors, it also left it saddled with debt. Saks Global took on about $2.2 billion in fresh debt as part of the deal, targeting $600 million in annual cost savings, according to media reports citing the company’s investor call in October.
But demand for luxury goods didn’t rebound as hoped for in 2025 and the servicing costs on that debt significantly ate into its cash flow, making it late in paying vendors and investors, according to interviews with former vendors, investors and analysts. Saks Global had to tap investors for another $600 million in June and missed a crucial bond payment last month.
Some of Saks’ bonds are trading at as little as a penny on the dollar. Its first lien bonds, which have the most protection in bankruptcy, are trading at 25 cents to 30 cents, one bond investor told Reuters.
The new cash injection should give Saks enough breathing room, and liquidity, to eventually recover, one investor said.
It wasn’t clear whether the restructuring plan will include additional changes to the company’s management team or its storied real estate holdings, which include its flagship Saks Fifth Avenue store in New York City. The company abruptly replaced its chief executive – veteran retail executive Marc Metrick – earlier this month, elevating Baker to CEO.
Reporting by Dawn Kopecki in New York and Matt Tracy in Washington; Editing by Lisa Jucca, Deepa Babington and Lisa Shumaker
Our Standards: The Thomson Reuters Trust Principles.
Finance
Chief financial officer to retire after 25 years working at Yale
Stephen Murphy ’87, who has worked in the Yale administration since 2001 and as the University’s chief financial officer and vice president for finance since 2015, will retire from his position in June.
Leo Nyberg & Isobel McClure
Staff Reporters
Yale News
Stephen Murphy ’87, the University’s chief financial officer and vice president for finance who has held the post for more than 10 years, will retire in June, University President Maurie McInnis and Senior Vice President for Operations Geoff Chatas announced in a statement on Monday.
Murphy’s impending retirement comes amid administrators’ efforts to tighten budgets across the University — which could include shrinking the University’s workforce through layoffs — as Yale braces for the tax on its endowment investment income to increase from 1.4 to 8 percent in July.
“It’s been an honor and a privilege to work alongside so many thoughtful, talented, kind, and principled people who are trying each day to make the world a better place through research, teaching, preservation, and practice,” Murphy wrote in an email to the News. “I have loved my time serving as CFO for Yale University. It’s the best job at Yale and the best job in higher education, at least for me.”
Murphy graduated from Yale College in 1987 with a bachelor’s degree in economics. He noted that as a student unable to afford college without financial aid, he was “grateful to have had the opportunity to work toward making undergraduate and graduate education more affordable to more families” later in his career as Yale’s chief financial officer.
In their statement, McInnis and Chatas praised Murphy for his role implementing reforms which they said “lay much of the foundation” for Yale’s financial management.
“During his tenure at Yale, Steve has provided both steady and dynamic leadership of the university’s finances. He has worked with multiple generations of administrators to advance our academic mission through financial strategy, insight, services, and advice,” the university leaders’ joint statement said.
“With tremendous care, Steve has helped steer the university through many challenging moments and provided important guidance to me in my role as provost,” Provost Scott Strobel wrote in an email to the News, noting that Murphy’s work “will benefit students, faculty, and staff for years after his retirement.”
Murphy began working at Yale in 2001 as the Yale Office of Cooperative Research’s director of finance and administration, according to his profile on a University webpage.
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