http://www.stanfordalumni.org/news/magazine/1999/mayjun/farm_report/condi_full_text.htmlBUILDING 10
Rice on Students, Tough Decisions and Her Oil Tanker
Read the full text of Stanford's interview with Provost Rice.
NO. 1 FAN: Bidding farewell, Provost Rice extols the virtues of big-time college sports.
Linda Cicero
SHE TAUGHT AT STANFORD, worked as a national security aide in the Bush administration, then returned to Stanford and served as provost. Now Condoleezza Rice wants to try the private sector. She'll step down from the University's No. 2 position in June. During her six years on the job, Rice has tamed Stanford's budget, wrestled with housing and tenure problems, and worked to increase student-faculty interaction. A member of several corporate boards (including Chevron, which named an oil tanker for her), Rice plans to sign on with an investment bank. She's also an adviser to presidential candidate George W. Bush. Rice talked recently with Stanford editor Bob Cohn. Excerpts:
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From 1990 to 1995, your office received an average of two to three faculty grievances a year. In the 1997-98 academic year, that number grew to 10. Why?
A lot of them have to do with tenure appointments. I'm not sure if the message about tenure is really getting stated in the right way for junior faculty. Maybe the expectations are unrealistic about the chances, and then people take it as a reflection, somehow, on them that they didn't get tenure. In fact, the historic rate is about 50 percent, far lower in some disciplines. It's a very tough evaluation; it ought to be a tough evaluation. I'm sure that some mistakes are made. But the University's making a very critical decision at that point, and so it's not surprising that it's a very, very high bar.
Are grievances increasing because department chairs are granting tenure in marginal cases&emdash;making the deans and the provost overrule decisions and be the bad guys?
I have seen cases where chairs have simply decided to pass off a difficult decision. I've seen that.
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Speaking of jobs, it now appears that Gov. Bush will run for president. Will you be a full-time adviser to him during the campaign?
Oh, I don't think full-time. I think if he runs I'll certainly be involved. But I'm really going to try to go to the private sector, at least for a good bit of my time, and do what I can for him on the side.
What will you do in the private sector?
I'm planning to work for one of the investment banks, worrying about problems of private financial capital and economic growth in other countries.
Do you imagine it might be difficult reconciling the market orientation of an investment bank with your government experience, where you perhaps could afford to worry about things like income distribution?
I'm very much a market type. I believe private capital has to do what private capital has to do. I don't think you can change those incentives. The changes are going to have to come on the other side -- on the part of government, to understand those incentives better, to figure out how to make better use of private capital.
Will you work again in Washington someday?
Oh, maybe. Washington was great fun, 1989 to 1991 was really a super time. I'll cross that bridge when I get to it, but I'm not just dying to go.
What's it like having a tanker named for you?
When people say, "Where's your tanker?" I say, "When your name is on a tanker, no news is good news."