West Virginia Letter to Board of Directors regarding recapitalization proposal

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US-CC-3-207E
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This sample form, a detailed Letter to Board of Directors re: Recapitalization Proposal document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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The crisis, which the American Federation of Teachers called ?draconian and catastrophic,? has drawn outrage at WVU, where hundreds of students staged a protest against the cuts. Republican Senate Finance Chair Eric Tarr said the way to benefit from the formula is to ?provide degrees that lead to jobs.?

Now WVU is deeply in debt, in thrall to market-worshipping consultants, and cutting a shocking number of programs and faculty. Anticipating a $45 million budget shortfall, West Virginia University president E.

WVU is tightening its belt while facing the likelihood of being down $45 million next year ? potentially growing to $75 million over the next five years if steps aren't taken to control costs. University leaders are working through how to deal with that potential loss.

Over protests from students and professors, the West Virginia University Board of Governors approved cutting dozens of degree programs and laying off 143 faculty to help fix a $45 million budget shortfall.

West Virginia University's board of governors voted Friday to approve cuts to academic programs during a chaotic meeting disrupted by protesters chanting, waving signs and shouting. In a number of votes, the board agreed to eliminate 28 academic majors and 143 faculty positions.

With a budget shortfall projected to grow as high as $75 million in five years, West Virginia University is proposing cutting 32 programs ? 9% of the majors offered on its Morgantown campus ? including its entire department of world languages, literatures and linguistics, along with graduate and doctoral degrees in ...

One of the main issues confronting the university, a $45 million deficit. Gee says the school lost revenue due to the pandemic and declining enrollment. But students and faculty believe he spent money on projects which ultimately don't benefit the school.

Some of the schools, departments and programs that will be affected by the cuts include Education, Management, Creative Arts, Law, various sciences and mathematics, Communication Studies, Philosophy, among others. Notable is the full elimination of the World Languages, Literatures, and Linguistics Department.

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West Virginia Letter to Board of Directors regarding recapitalization proposal