2016

Presidents Convene to Discuss Merit in Higher Ed. In October 2015, The Posse “We really can only justify operating Foundation’s biennial Presidents these selective [colleges] if in the end Conference on Higher Education they wind up benefiting those who assembled presidents and chancellors don’t get to go to those places, if they from some of the nation’s top colleges contribute to making the whole society and universities. The conference, better, and if the people who are the titled “Thinking about Merit and Who most disadvantaged actually have better Deserves To Be on Our Campuses,” lives because of the way these selective explored conceptions of merit and their places do their work.” said McPherson. impact on diversity, inclusion and equity In a conversation moderated by at the most selective institutes of higher University of Richmond President education. Ronald Crutcher, Williams College President Adam Falk and Harvard Law THIS IS AN OPPORTUNITY TO MOVE AWAY School Professor Lani Guinier, author FROM COMPETITIVE INDIVIDUALISM of Tyranny of the Meritocracy, discussed the role colleges play in assessing merit, TOWARD COOPERATIVE COMMITMENT creating inclusive campus communities, and developing diverse leaders. These 10 Posse Scholars are among thousands whose potential and accomplishments are helping Posse’s Hosted by The New York Public “This is an opportunity to move away college and university partners redefine conceptions of merit in higher education. Library (NYPL) and Deloitte, the from competitive individualism to a kind conference opened with remarks from of cooperative commitment to challenge As-School High School, and Brett Roer institutions, have a responsibility to Dr. Anthony W. Marx, the NYPL problems, to really work through of Queens Metropolitan High School. play a better role in reopening the doors president and former president of problems with a group of people who are Each shared their perspectives on the and bolstering the legitimacy of our Amherst College, and David Williams, each bringing something different but characteristics and accomplishments, institutions,” said Cantor. “Cross-sector, the managing principal in public policy, nevertheless useful to the conversation,” beyond test scores, that best demonstrate cross-institutional, educational pathway government affairs and corporate said Guinier. student potential. partnerships not only work to increase citizenship at Deloitte. In addition, Posse President and Nancy Cantor, the chancellor of high school graduation and post- The Spencer Foundation President Founder Deborah Bial moderated a Rutgers University–Newark, delivered secondary attainment rates, they also, as Michael McPherson, co-author of panel discussion among four high school a powerful closing keynote address importantly, build faith among otherwise Crossing the Finish Line: Completing College administrators: Rosanna Almanzar of stressing the responsibility of universities marginalized and forgotten communities at America’s Public Universities, spoke City College Academy of the Arts High to be institutions that equitably serve in the legitimacy of our institutions. [We about the challenges of addressing School, Lillian de Jesus-Martinez of individuals, communities, society and need] to retake the progressive mantel unequal opportunity in higher education, University Heights High School, Posse the world. of higher education, to right the course especially at selective institutions. alumna Veronica Rivera Savage of City- “All of us, whether leading highly of educational opportunity, societal selective or more broadly inclusive property and democratic inclusion.” * Five New Partners Recruit First Posses Dartmouth, GWU, Notre Dame, Puget Sound, UMich Become Newest Schools to Partner with Posse In 2015, five new college and university partners of The Posse Foundation recruited their first classes of Scholars. Dartmouth College, The George Washington University, University of Michigan, University of Notre Dame and University of Puget Sound will welcome their inaugural Posses to campus this fall. “Posse is very excited to have these prestigious institutions join the program,” says Posse President and Founder Deborah Bial. “We have a shared goal to connect outstanding students who have drive, passion and intelligence with the best schools in the Dartmouth College President Philip J. Hanlon. The George Washington University President University of Michigan President Mark S. Schlissel. Steven Knapp. country where they can become our next Michigan selected Scholars from generation of leaders.” Chicago who will major in science, In response to a challenge from technology, engineering and math President Obama and the First Lady, (STEM) fields. The 10th Posse STEM The Posse Foundation will expand its Program partner, Michigan has more Veterans Program to include a total than 28,000 undergraduates, world- of 12 top colleges and universities as renown faculty, hundreds of clubs and partners over the next five years. As organizations, and is located in the part of this expansion commitment, thriving city of Ann Arbor. Dartmouth joined Notre Dame joins Grinnell College and Wesleyan University in the Posse and Tulane University in recruiting Veterans Program. A member of the Scholars from Posse’s New Orleans Ivy League, Dartmouth is a private, chapter, which was established in liberal arts institution with more than 40 2011. The university offers its more departments and programs for its 4,200 than 12,000 students, including 8,745 undergraduates. undergraduates, rigorous academic George Washington is the sixth University of Notre Dame President Rev. John I. University of Puget Sound President Ronald R. programs while also highly valuing the recruiting partner for Posse Atlanta. Jenkins. Thomas. importance of community involvement The university serves approximately and service. 10,000 undergraduate students, who can chapter. Puget Sound’s approximately Nationally recognized liberal arts access hands-on learning experiences 2,600 students enrolled each year have institution Puget Sound recruited the in government, policy, law, science, access to more than 50 academic degree first Scholars from Posse Bay Area, technology, media and the arts that are fields and more than 100 student-run the Foundation’s newly launched 10th uniquely available in the nation’s capital. organizations on campus. * Highlights from The Posse Foundation Presidents Conference on Higher Education Excerpted Remarks from Featured Speakers

We then asked, how many black and neighborhoods, police, et cetera Latino students scored 1200 or above they experience. We are in what the on the math and reading sections of philosopher John Rawls called, rather the SAT? We didn’t pick a super high antiseptically, a non-ideal situation. number, but we picked a respectable number. The College Board gave us WE CAN ONLY JUSTIFY THESE SELECTIVE this data: In 2014, only 9,700 black students scored 1200 or above. Yet, INSTITUTIONS IF IN THE END THEY BENEFIT we need 50,000. In the case of Latino THOSE WHO DON’T GET TO GO TO THEM students, only 22,000 scored 1200 or above—but we need almost 60,000. What do you do, what’s the right I think the point is clear: if we thing to do, in an unjust situation? I continue to rely too heavily on test think that’s a profound question for scores, we will have a difficult time us to ask ourselves. In this non-ideal, getting representational diversity on unjust situation, how can we make OPENING REMARKS our campuses. MUSINGS ON MERIT & the case for selective colleges and A degree from your institution, I DIVERSITY IN HIGHER universities? DEBORAH BIAL think we would all agree, is like a EDUCATION Now, what I would argue—and President + Founder golden ticket to opportunity. Yours are I have really adopted this argument The Posse Foundation amazing institutions. MICHAEL MCPHERSON from Harry Brighouse, who is a Today is about who we should be Today, in 2015, the U.S. Senate President wonderful philosopher of education at The Spencer Foundation thinking about most when we are is 93 percent white. The CEOs of the University of Wisconsin—is that we admitting students, who deserves to the Fortune 500 companies are also Who should we think about when really can only justify operating these be on our college campuses in general, overwhelmingly white. We did a study we’re thinking about admitting selective places if in the end they wind and, as we get to the elite schools, who looking at the Section 16 executives of students to highly selective colleges? up benefiting those who don’t get to deserves to be there. these companies as well. We thought, The answer I want to give to that go to those places. If they contribute We all know the current maybe there is more diversity among question is, we should be thinking to making the whole society better, demographics of the United States. the C-level executives. Sadly, we found about the people who don’t get in. and if the people who are the most We know that by 2050, they’re going that there was not much difference We spend more money on and give disadvantaged actually have better to change a lot; they’re already there either: 91 percent are white. more support in other ways to people lives because of the way these selective changing. In most of our major cities, who are better prepared, even though places do their work; if, for example, non-Hispanic whites are no longer IF WE CONTINUE TO RELY TOO HEAVILY we know that the chance to become they get much better at putting persons the majority. When you look at who’s better prepared is highly unequally who are more broadly representative graduating from the top four-year ON TEST SCORES, WE WILL STRUGGLE TO distributed in this country. What of our society into leadership positions colleges, it’s still mostly white kids. ACHIEVE REPRESENTATIONAL DIVERSITY can possibly justify us doing that, in business, and in government, and in Black and Latino students are still particularly when we know that much the legal system, to take one example, going to college at lower rates than ON OUR CAMPUSES of the burden of restricted opportunity that may offer some justification. white and Asian students. For those lands on people with low incomes and Now here is a case, I think a good of you who are following all this, you We looked at law firms. The partners on people of color? case, to be made that our society know that Latino students are now in the top law firms are 93 percent Fundamentally, I think, nothing should devote more resources to the going to college at the same or higher white. We looked at sports. In the can justify this. We live in a society education of those most able to use rates than majority students—but not NBA, 98 percent of the owners are that’s highly unjust. The injustice those resources (even if that ability at the top colleges and universities, white, yet who are the players? In the goes quite deep and has, as we know, derives from unequal treatment earlier which is really important for this NFL, 97 percent of the owners are deep historical roots. We are in a in life), provided that ultimately this conversation. white, yet who are the players? In situation of trying to figure out what’s extra investment serves the common The Posse Foundation hired baseball, 98 percent of the owners are the best thing to do in a situation good. consultants to do an analysis for us. white, yet who are the players? of great injustice? What’s the best I think we do have to acknowledge We asked the question: How many Eighty-eight percent of presidents thing to do with our colleges in these that the privilege extended to those of black and Latino students would the at four-year colleges are white. By the circumstances? us who have attended, worked at, and top hundred colleges and universities way, only 22 percent are women. And I think we need to recognize that in some cases, led these institutions in the United States need if their your chief academic officers are 93 the deepest injustices here don’t lie is enormous. I don’t think there’s a student bodies were going to reflect the percent white. within the higher education system good way to say that it’s deserved in same percentage of blacks and Latinos So today, we’re going to talk about by itself. They lie in a society which a society like this. But it is a privilege that exist in the American population? the critical role we all play in trying to gives people less opportunities from that we have, in one way or another, We found that they would need almost move the needle, in trying to change the day they’re born, depending been granted. We can’t forget that we 50,000 black students going into their this so that we can have leadership in on their backgrounds, and on are holders of a tremendous privilege freshman class every year. And they America that’s more representative of the deeply unequal elementary and that it’s a hard struggle to justify would need almost 60,000 Latino the voices of all Americans. * schools, preschools, high schools, it. And we need to work hard to make students. what we do justified.*

I would argue that the question we those ghosts when we don’t mix in closed for, rather than designed to have to ask today is quite literally, the course of daily life, sharing so few embrace, a growing proportion of our how long can American institutions, fundamental aspects of democratic public? educational and beyond, maintain living, neither schooling, nor Can we take a step back from the our legitimacy with a public whose worshipping nor voting together. obsession with rankings and redefine diversity is, according to demographer merit as legal theorist Lani Guinier is Bill Frey’s analysis, remaking the face ALL OF US HAVE A RESPONSIBILITY TO suggesting? Aren’t the lessons of Posse of America while so few make it to precisely those we need to heed as we our door no less through and up the REOPEN THOSE DOORS AND BOLSTER THE identify and honor the talent in new ladder? I don’t think it’s exaggerating LEGITIMACY OF OUR INSTITUTIONS broader ways: create cohorts that can to call this a national crisis. have some critical mass and presence The last several decades have So framed in the light of both access on our campuses, bringing together seen an alarming re-segregation of and democratic engagement then the the local intelligence from one city or the nation’s schools, prisons and compelling interest of diversity in town that can mix in ways that change neighborhoods reminiscent of a pre- higher education is at the core of the lives for everyone in every place. DIVERSITY OR BUST: WHY civil rights era and a retrenchment presumed social contract that we have We have to show some courage on on many of the key rights, voting in with the public. All of us, whether par with the resilience, grit, leadership INCLUSIVITY MUST BECOME particular, and the progressive housing leading public or private, highly and stunning perseverance that is A TOP PRIORITY FOR HIGHER employment and educational policies selective, or more broadly inclusive apparent in the youth of our time. EDUCATION enacted to ensure some leveling of an institutions have a responsibility to There’s a piece of me that just asks, NANCY CANTOR equal playing field. reopen those doors and bolster the when are we going to retake the Chancellor Is it surprising then that we see legitimacy of our institutions. mantel, the progressive mantel of Rutgers University – Newark an emergence on all of our college What indeed is merit if it reproduces higher education, to right the course campuses of what psychologist the very same disparities that of educational opportunity, societal Rupert Nacoste calls our “hibernating reinforce the view that the pathways to property and democratic inclusion? * bigotry”? For how can we banish opportunity in this country are visibly

2 Highlights from The Posse Foundation Presidents Conference on Higher Education Excerpted Remarks from Featured Speakers Continued

The term meritocracy was coined by fictional world, anyone unable to jump But this is not the only possible British sociologist Michael Young as through educational hoops, including definition of merit. The term merit a spoof. In his 1958 satire, The Rise of many from the working class, would originally meant “earned by service.” Meritocracy, Young gave an imaginary be barred from a new, exclusive social Giving good service, such as working account of a smug elite: instead of class as discriminatory as older ones for the benefit of community rather ancestry, ability had determined their based on inheritance. than simply for personal advantage, social position. The Best would rise is what made someone worthy of to the top using this simple equation: DEMOCRATIC MERIT PROVIDES EDUCATIONAL entitlements, such as admission to top- intelligence (or aptitude) + effort ranked colleges and plum internships = merit. In Young’s hypothetical ACCESS TO THOSE WHO SERVE THE GOALS and job opportunities. Democratic meritocracy, test scores would matter OF A THRIVING DEMOCRACY merit revives this notion by providing the most; because those who had educational access to those who risen in status hierarchy would have And that is exactly what has serve the goals and contribute to the attained their status through talent and happened. Just as Young anticipated, conditions of a thriving democracy. It effort, they would also be immune to merit as defined by test-based does what our current meritocracy fails criticism. Those at the top of this status admissions has harnessed “schools to do: it creates an incentive system EXCERPT TAKEN FROM hierarchy would be able to justify and universities to the task of sieving that emphasizes not just the possession THE TYRANNY OF THE their continued rule because they had people” according to a “narrow band of individual talent and related MERITOCRACY earned it. of values.” Those values, as it turns out, personal success but also the ability LANI GUINIER To Young such a testocracy would are the production and reproduction to collaborate and the commitment Professor not be a shining vision but rather of privilege, but without obligation to building a better society for more Harvard Law School a nightmare. He intended to warn or shame. The rise of the testocratic people. Our nation has always prided society about what might happen meritocracy has enabled those already itself on overthrowing tyranny. We if, in assigning social status, we at the top of the heap to continue to now have a new one in our midst: the continue to place gaining formal preside without a sense of moral or tyranny of our current understanding educational qualifications over all political accountability. of meritocracy. * other considerations. In Young’s Quotes from The Posse Foundation Presidents Conference on Higher Education

“You miss an opportunity to grow and “The question is not who deserves to be develop and change if you do not, when on our campus, but who do you get the you invite the unknown brother and sister privilege to teach? I think we need to look into your midst, allow them to change at young people as a resource that we get your culture, to change you, who you are the privilege to engage with and develop as an institution. To me, that ought to be and teach.” the higher cause for why we want to be Rosanna Almanzar committed to diversity, as well as for social Guidance Counselor, City College Academy justice reasons.” of the Arts High School Ronald Crutcher President, University of Richmond

“One of the things that I appreciate about “We work with a great number of Posse is they’re part of an effort to associate organizations that we think have cracked prestige with diversity, to say being a good the code; we are pleased and honored institution also means being a diverse to say that Posse is one of them. What institution. If we’re going to be in a world Debbie and her team do is noble and of lists and rankings and judgments about outstanding. So Posse is an organization our institutions, I like the idea of setting a that we believe in tremendously.” standard where diversity is an important David Williams part of what it means to be a top-notch Managing Principal, Public Policy, institution.” Government Affairs and Corporate Alison Byerly Citizenship, Deloitte LLP President, Lafayette College

“Since the beginning, Posse has helped our “If you want to be on the frontier of new nation’s best schools not miss out on the knowledge generation that’s going to non-traditional brilliance of students. Posse challenge conventional wisdom, you have advocates for qualities like grit, courage to change who’s doing the research, who’s and resilience, alongside intelligence in its having the conversation, and who’s in the many forms.” room. If you don’t have the full range of views, you are never going to know the Veronica Rivera Savage full extent and nature of those problems in Social Worker, City-As-School High School society you want to address.” Vanderbilt University Posse Alumna Lisa Lynch President, Brandeis University

“Our campuses can only be relevant to “We know that students learn as our students if they are diverse. We have much from each other in and out of the to work to create an environment, both classroom as they learn from faculty. an educational and a social environment, And if they come from more varied where everyone can thrive. We’re successful backgrounds and experiences and views, when we create small communities in which they learn infinitely more than if they all students can work with each other and come from the same kinds of backgrounds, support each other.” experiences and views.” Adam Falk Anthony W. Marx President, Williams College President, The New York Public Library Former President, Amherst College

3 Annual Posse Gala Honors Northwestern President Event Raises $2.1 Million To Support Scholar Success and Sting, Debbie Harry, Chris Botti Perform 2015 HIGHLIGHTS 10TH POSSE CHAPTER OPENS IN SAN FRANCISCO BAY AREA Posse Bay Area, the Foundation’s 10th chapter, launched with the University of Puget Sound as its first recruiting partner. Vanderbilt University Posse alumnus Leroy Foster is the first program alumnus to become a director of one of Posse’s chapters.

90 PERCENT PERSISTENCE AND GRADUATION RATES Hundreds of Posse Scholars graduated from Posse partner institutions, joining an elite network of more than 3,100 alumni as the next generation of leaders in a broad range of professional fields.

SCHOLARS WIN FULL-TUITION COLLEGE SCHOLARSHIPS Northwestern University President Morton O. Schapiro. Sting performing at the Posse gala. Selected from an extremely competitive pool of more than 17,000, more than The Posse Foundation’s annual gala, event space, volunteers, board members, incredible generosity was recognized by 700 new Scholars in 10 cities were held on Wednesday, May 20, 2015, career and writing coaches, and career former Massachusetts Governor Deval selected by Posse Posse’s partner was a star-studded affair featuring building opportunities for Scholars and Patrick, Posse national board member institutions to receive four-year, performances by world-renowned artists alumni. and Ropes & Gray Co-Managing Partner full-tuition leadership scholarships. Sting, Debbie Harry and Chris Botti. The enthusiastic leadership of Diane Patrick, and Posse New York’s Close to 600 guests filled Cipriani Wall Northwestern University President newest Middlebury College Posse. Street in downtown Manhattan to honor Morton O. Schapiro, who is among The final Posse Star was awarded SCHOLARS, ALUMNI WIN the 2015 Posse Stars in recognition of the nation’s leading authorities on to Middlebury College Posse alumna PRESTIGIOUS FELLOWSHIPS their leadership and commitment to the economics of higher education, Antoinette Rangel, the special assistant More than 50 Posse Scholars and alumni improving the lives of others. The event was acknowledged with a Posse Star and advisor to the press secretary at the won major national and international raised $2.1 million to support Posse’s presented by Northwestern Posse White House. Recognized by Univision fellowship awards, including Fulbright, programs and Scholars. Scholars London Edwards-Johnson and as one the 15 most influential Latinos Gilman, Mellon Mays, Watson, Humanity The first Posse Star of the evening was Jourdan Dorrell. in the executive branch, Antoinette In Action, Peace Corps and the National presented to State Street Corporation by Garrett Moran, a Posse life director is an inspiration to the Scholars who Posse alumni and State Street employees and former national board member, and follow in her footsteps, especially those Science Foundation, among others. Yasser El Hamouni and Lisa Hixon and his wife, Mary, have helped thousands interested in public service, politics and For a complete list of winners, accepted by CEO Joseph L. Hooley. of Scholars attend top colleges and governance. * visit www.ow.ly/QSflu. State Street provides financial support, become leaders in the workforce. Their

NATIONAL BOARD OF DIRECTORS CHAIR Jeffrey Ubben Founder and Managing Partner, ValueAct Capital PRESIDENT + FOUNDER Deborah Bial The Posse Foundation SECRETARY Founded in 1989, The Posse Foundation POSSE NATIONAL OFFICE Philip M. Pead President and CEO, Progress Software; Chair, Posse Atlanta Advisory Board identifies public high school students with 14 Wall Street, Suite 8A-60 TREASURER Susie Scher Managing Director, Goldman, Sachs & Co. extraordinary academic and leadership New York, NY 10005 potential who may be overlooked by Tel: (212) 405-1691 Michael Ainslie Chair Emeritus; Trustee, Vanderbilt University traditional college selection processes. Anson M. Beard, Jr. Advisory Director, Morgan Stanley Fax: (212) 405-1697 Eric Beckman Chairman and Co-Managing Partner, Breakwater Investment Management, The Foundation extends to these students [email protected] LLC; Chair, Posse Los Angeles Advisory Board the opportunity to pursue personal and Michael Beckwith Principal, Maverick Capital; Chair, Posse Bay Area Advisory Board Robbie Oxnard Bent Private Sector academic excellence by placing them in VISIT US ON THE WEB Alan Berro Partner, Capital World Investors supportive, multicultural teams—Posses— www.possefoundation.org Peter E. Blacker Executive Vice President Digital and Emerging Businesses, NBCU Hispanic Enterprises & Content; Chair, Posse Miami Advisory Board of 10 students. The Foundation’s partner Alastair Borthwick Head of Global Commercial Banking, Bank of America Merrill Lynch colleges and universities award possefoundation Donella P. Brockington Vice President, Americas, Local Government, Xerox State & Local Posse Scholars four‑year, full-tuition Solutions, Inc.; Chair, Posse D.C. Advisory Board @possefoundation Anne Chwat General Counsel & Secretary, International Flavors & Fragrances leadership scholarships. Scott Cowen President Emeritus, Tulane University; Chair, Posse New Orleans Advisory @possefoundation Board Ronald Crutcher President, University of Richmond Hon. David N. Dinkins Professor, School of International & Public Affairs, Columbia University; 106th Mayor, City of New York Richard D. Fain Chairman & Chief Executive Officer, Royal Caribbean Cruises Ltd. PARTNER COLLEGES + UNIVERSITIES Harold Ford, Jr. Managing Director, Morgan Stanley NORTHWESTERN UNIVERSITY Michele Ganeless President, Comedy Central Jonathan Glickman President, Motion Picture Group, Metro-Goldwyn-Mayer Pictures Inc. BABSON COLLEGE OBERLIN COLLEGE Kelly Granat Managing Director, Lone Pine Capital BARD COLLEGE PEPPERDINE UNIVERSITY James S. Hoyte Of Counsel, ADS Ventures; Founding Chairman, Posse Boston; Former BOSTON UNIVERSITY POMONA COLLEGE Trustee, Wheaton College BRANDEIS UNIVERSITY SEWANEE: THE UNIVERSITY OF THE SOUTH Barbara Janulis Private Sector BRYN MAWR COLLEGE SMITH COLLEGE Michael Kluger Managing Director, Altaris BUCKNELL UNIVERSITY ST. OLAF COLLEGE Steven M. Lefkowitz Private Sector CARLETON COLLEGE SYRACUSE UNIVERSITY Angel L. Morales Senior Advisor and Equity Investment Partner, Star Mountain Capital Diane B. Patrick, Esq. Co-Managing Partner, Boston Office, Ropes & Gray LLP; Former First Lady CENTRE COLLEGE TEXAS A&M UNIVERSITY of the Commonwealth of Massachusetts TRINITY COLLEGE Charles Phillips CEO, Infor THE TULANE UNIVERSITY Henry Phillips Vice Chairman and Regional Managing Partner, Northeast, Deloitte; Chair, CONNECTICUT COLLEGE UNION COLLEGE Posse New York Advisory Board CORNELL UNIVERSITY UNIVERSITY OF CALIFORNIA, BERKELEY Dan Pickering Co-President, Tudor, Pickering, Holt & Co.; Chair, Posse Houston Advisory DARTMOUTH COLLEGE UNIVERSITY OF CALIFORNIA, LOS ANGELES Board DAVIDSON COLLEGE UNIVERSITY OF MICHIGAN William A. Plapinger Of Counsel, Sullivan & Cromwell LLP; Chair, Vassar College Board of Trustees DENISON UNIVERSITY UNIVERSITY OF NOTRE DAME Paul J. Selian Executive Vice President, Chief Investment Officer, State Street DEPAUW UNIVERSITY UNIVERSITY OF PENNSYLVANIA Corporation; Chair, Posse Boston Advisory Board DICKINSON COLLEGE UNIVERSITY OF PUGET SOUND Glen T. Senk Chairman & CEO, Front Row Partners LLC FRANKLIN & MARSHALL COLLEGE Frank Sesno Director, School of Media and Public Affairs, The George Washington THE GEORGE WASHINGTON UNIVERSITY UNIVERSITY OF SOUTHERN CALIFORNIA University GRINNELL COLLEGE THE UNIVERSITY OF TEXAS AT AUSTIN Eugene B. Shanks, Jr. Corporate Director, Private Sector; Trustee, Vanderbilt University UNIVERSITY OF VIRGINIA Brad Singer Partner, ValueAct Capital Mark Taylor Managing Director and Private Wealth Advisor, Morgan Stanley Private HOBART AND WILLIAM SMITH COLLEGES UNIVERSITY OF WISCONSIN-MADISON Wealth Management; Chair, Posse Chicago Advisory Board VANDERBILT UNIVERSITY David A. Thomas Dean, Georgetown University McDonough School of Business LAFAYETTE COLLEGE VASSAR COLLEGE Timothy H. Ubben Founding Chairman, Posse Chicago; Retired Founder and Chairman, LAWRENCE UNIVERSITY WESLEYAN UNIVERSITY Lincoln Capital Management; Trustee, DePauw University MIDDLEBURY COLLEGE WHEATON COLLEGE