Thursday, March 26, 2009

The MOU

The announcement of the MOU has moved Rice and Baylor closer to the expected merger. Here is the text of the announcement.

March 26, 2009

To the faculties, staffs and students of Rice University and Baylor College of Medicine:

We are pleased to announce that the governing boards of Rice and BCM this week approved the signing of a memorandum of understanding (MOU) that lays out a broad framework for formal negotiations about a possible merger of our two institutions.

While no decision on a merger has yet been made and many issues remain to be resolved, our boards have concluded that a closer affiliation has abundant potential benefits for both institutions, as well as for our home city of Houston. Months of informal discussions have confirmed that the missions and aspirations of our two institutions are in fact closely aligned, that both institutions would benefit in many ways from a merger and that, together, Rice and BCM could be one of the world's leading research universities.

The MOU framework will allow us to systematically and thoroughly move ahead with the next stage of discussions. Over the next few months, we will seek to address issues and concerns that have surfaced from those discussions, and we will continue to solicit input from members of our respective communities. The success of a merger, or any closer affiliation, will also depend significantly on how effectively we plan for and manage its implementation.

Baylor College of Medicine and Rice University are institutions of distinction that bring great achievements and greater potential to such a merger. Each is known throughout the world for contributions to important areas of human knowledge and service. Both are entering this conversation closely attentive to the importance of sustaining that which is great, inspired by the possibilities of expanded distinction and contribution, respectful of our values and traditions, and committed to our responsibilities to Houston and the broader society.

Thank you for the suggestions and insights that have helped shape our discussions so far. We continue to welcome your ideas going forward.

David W. Leebron William T. Butler, M.D.

President Interim President

Rice University Baylor College of Medicine

8 comments:

  1. Sad day for Rice.

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  2. I am a faculty member at BCM. A few years ago, I'd have said "Great day for BCM." Now, I have to say "Sad day for BCM." This is not a merger of Rice and BCM, it is an acquisition of BCM by Rice.

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  3. For a serious criticism of the Rice Administration, see http://www.cs.rice.edu/~vardi/rice/ (Rice only).

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  4. April 1 note from President Leebron:

    Subject: Important news regarding Rice and Baylor

    Rice faces a changing world in its second century, and we must embrace the
    challenges of the years ahead not as individuals but as a community. Recent
    events have shown us that our future leaders will have to be concerned
    with the human element of the future, as well as the technological. It is
    for this reason that we have elected to move forward in our negotiations
    with the Baylor College of Medicine. We believe, and feel confident, that
    timely action will better allow us to prepare our students for the challenges
    ahead. It is thus with great pride, and with the backing of the Board of
    Trustees, that I announce to you our great institution's merger with the
    Baylor College of Medicine.

    In addition to this important milestone in Rice's history, an addendum has
    been made to Rice's Vision for the Second Century. Although Rice has long
    been known for--and indeed committed to--providing quality education for
    tomorrow's scientists and engineers, we must continually look to the future
    in order to stay at the forefront of higher education. It is for this
    reason that a plan has been introduced whereby Rice University will
    transform, gradually taking upon itself another identity. As the global
    demands for healthcare continue to grow, we've chosen to make medicinal
    studies a priority--a priority that, unfortunately, requires sacrifice in
    other areas.
    Although the details have not been finalized, a five-year plan has been
    approved by the Board of Trustees whereby the current undergraduate
    engineering curriculum will be gradually phased out to make room for
    promising medical fields. Our hope is that a focus on medicine will attract
    a host of creative, intelligent undergraduates to the Rice Premedical
    Institute. The plan also calls for modifications within other departments
    to emphasize this new direction. Although some might view these changes
    with resentment, we strongly believe that such changes are necessary if
    Rice's Vision for the Second Century is to be successful.

    As is to be expected, the recent economic crisis has lent an urgency to
    Rice's planned changes. History has shown that maintaining competitive
    undergraduate programs in uncertain times is both financially risky and
    ethically impure. As demand for certain fields wanes, it is our responsibility
    as an institution of higher learning to ensure that Rice students study
    within areas that not only show promise but also are financially viable.
    As always, Rice will continue to adapt and grow as global demands shift.

    Thank you for the suggestions and insight that have helped shape our
    decisions so far. We continue to welcome your ideas going forward and
    sincerely appreciate your understanding and cooperation in this matter.

    With regards,

    David W. Leebron
    President

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  5. It is either very funny or very sad! Many people at Rice fell for it and took it seriously!

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  6. Very sad for both institutions

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  7. Apparently, there is petition drive at Rice to call for a plenary faculty meeting.

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