• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
CommentaryLeadership

How Hampshire College Hampered Good Governance

By
Jeffrey Sonnenfeld
Jeffrey Sonnenfeld
Down Arrow Button Icon
By
Jeffrey Sonnenfeld
Jeffrey Sonnenfeld
Down Arrow Button Icon
February 27, 2019, 10:56 AM ET
A sign on the campus of Hampshire College is pictured on Jan. 15, 2019.
A sign on the campus of Hampshire College is pictured on Jan. 15, 2019. The current crisis facing Hampshire College is the result of a lack of leadership competence and responsible governance. Suzanne Kreiter—The Boston Globe/Getty ImagesSuzanne Kreiter—The Boston Globe/Getty Images
Add Fortune on Google for similar content.

Not all colleges can survive the present shift in U.S. educational markets. Schools are threatened by increasingly discouraging immigration policies. State spending on public universities remains highly uncertain. Even philanthropic foundations have curtailed their traditional support for higher education. The situations, however, vary in each case and many have rebounded from adversity. The jeopardy facing the iconic maverick Hampshire College is not simply a lack of students or lack of finances but it’s also the lack of leadership competence and responsible governance by the board.

Miriam E. Nelson, the new president of Hampshire College, was recently dealt a bad hand, but she, with the board’s support, has just knocked the whole deck of cards off the table in panic.

This month, Nelson bewilderingly announced she was firing Hampshire’s admissions and development staff with no plans for replacement—for a school that is over 90% dependent upon tuition revenue and has a modest endowment. At the same time, the Hampshire Board of Trustees announced to the stunned campus that it was curtailing the matriculation of a new freshman class while Nelson was met with a vote of no confidence from faculty.

The drama opened last May when newly appointed president Nelson learned from outgoing predecessor Jonathan Lash of a matriculation shortfall. This drop in yield followed several years of budget stress but, over the summer, she and the college board’s executive committee framed this management challenge as an existential crisis instead and their actions have since created chaos. And rather than locate better ways to mobilize their own many assets—Hampshire’s distinctive mission, the Five College Consortium community, a strong alumni network, and a largely successful existence as an innovative education model—to a recovery, Hampshire’s leadership appears to have panicked.

Over the course of the fall, Nelson never consulted her five living predecessors, faculty leaders, or other campus constituencies. Nor did she appeal to alumni about her dire assessment of Hampshire’s financial situation, a list which includes Stonyfield Farms chairman Gary Hirshberg, former CEO of Seventh Generation Jeffrey Hollender, renowned documentarian Ken Burns, and Pulitzer Prize winner Edward Humes. Gregory Prince, who was president of Hampshire College 16 years, envisioned tapping such alumni for a recovery plan involving various interconnected institutes. But in the panic, consultation—a cultural necessity in a liberal arts college founded on participation and engagement—simply did not occur and this important resource was overlooked.

As revealed through emails obtained by New England Public Radio, Nelson was quietly negotiating to merge Hampshire with the University of Massachusetts Amherst (UMass Amherst) months before there was any announcement of a financial crisis. Further correspondence published by the Daily Hampshire Gazette revealed President Nelson’s zeal to formalize this intended deal with a written letter of understanding—just before effectively shutting down Hampshire’s admissions and development offices, claiming financial duress, and pretending to be conducting an open search for alternative options. Yet faculty, students, staff, alumni, donors, and other stakeholders were kept in the dark while concealed negotiations took place. Following the email revelations—and stung by a vote of no confidence that passed the faculty before it was invalidated for procedural reasons—Nelson backpedaled in a letter to the Hampshire community.

Nelson, however, had further sacrificed her credibility by implying to have the support of partner schools of the Five College Consortium for the merge. In response, Sonya Stephens, president of Mount Holyoke College, and Biddy Martin, president of Amherst College, both separately issued emails to the community countering Nelson’s narrative.

While Nelson isn’t to be blamed for the issues Hampshire accrued before her time, she must be accountable for the quality of her leadership. I do not personally know her, anyone on the board, or anyone on the faculty. I have, however, studied good governance and good leadership for 40 years and neither is evident here. I also created the U.S.’s first school for incumbent CEOs 30 years ago and, for the last four years, have run the Yale Higher Education Leadership Summit which draws 75 college presidents and board chairs each year. Therefore, I can confidently say that Hampshire presently offers a poor model of corporate governance in action: inadequate leadership, hasty decision making, and corrosion of credibility.

In 2014, I served on the National Commission on College and University Board Governance established by the Association of Governing Boards of Universities and Colleges. Our recommendations addressed setting clear policies that describe the board’s role and responsibilities as fiduciaries of their institutions, focusing on the changing finances of their institutions, delivering access to high quality education at a lower cost, and improving shared governance through attention to the board’s relationships with the university president and faculty. The leadership of Hampshire College must not have gotten copies of our report otherwise the cash-starved school would have solicited the valuable advice of its own community.

Former Hampshire College president Gregory Prince told me in an interview that recapturing the underlying culture of Hampshire of working with the community can save the college: “The partnership principles which define this great school are the exact ones needed now to save it—even if the leadership has forgotten.”

Jeffrey Sonnenfeld is the senior associate dean for leadership studies and Lester Crown professor of management practice at the Yale School of Management.

This article has been clarified to note that the Hampshire College admissions and development offices were not entirely shut down.

About the Author
By Jeffrey Sonnenfeld

Jeffrey Sonnenfeld is the Lester Crown Professor in Management Practice and Senior Associate Dean at Yale School of Management.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

Asia’s defense boom is rewiring the global arms supply chain
Commentaryarms, weapons, and defense
Asia’s defense boom is rewiring the global arms supply chain
By Chris OberoiJune 24, 2026
12 hours ago
steve
Commentary250 Years of Innovation
Steve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years
By Steve CaseJune 24, 2026
21 hours ago
t
CommentaryWhite House
Trump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
21 hours ago
mg
CommentaryHealth
The ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
By Michael GerlingJune 24, 2026
22 hours ago
sb
Commentaryclimate change
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
By Sebastian BuckupJune 23, 2026
1 day ago
brett
CommentaryManagement
Middle managers aren’t going extinct—they’re evolving into something more powerful
By Brett HurtJune 23, 2026
2 days ago

Most Popular

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
1 day ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
2 days ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
19 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
20 hours ago
Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
Economy
Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
By Tristan BoveJune 24, 2026
15 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.