Roger W. Ferguson, Jr.
President & Chief Executive Officer
American Council on Education 91st Annual Meeting
February 2009 |
In the current economic environment, discussions among campus leaders and among business leaders are likely to turn to budget gaps, hiring freezes, and supporting ongoing operations while preserving future purchasing power. The financial challenges we face as a society are daunting, but should not obscure the critical need for a renewed investment in intellectual capital. The challenges serve to highlight the need for a renewed commitment to higher education in the United States and around the world.
These issues were presented in a keynote address delivered by Roger W. Ferguson, Jr., President and CEO of TIAA-CREF at the American Council on Education 91st Annual Meeting on February 9, 2009. The full text of Mr. Ferguson's speech can be downloaded above.