While no one broke a champagne bottle over the podium, there was a feeling at Monday’s board meeting that some welcome and meaningful changes are going to accompany the hiring of Ron Telles as CEO. The initial shocker came from the board, which had a few weeks ago announced its intent to make Telles the permanent CEO at this meeting. Instead, the Board voted to hire him for a year, at his current salary until July 1, and then at a rate of $330,000 per annum for the remainder of the year. President Wallin also indicated there would be no performance incentives in the Telles contract. This seems prudent, as it will give the board time to assess his administrative talents, and it will allow ample time to conduct a nationwide search for a permanent CEO, should the board deem that advisable. The next encouraging signal was that Telles almost immediately declared “We have to be accredited.” He indicated, however, that before going through that process, they neede...
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