Letter: Luring the Best to N.Y.U.

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Re "N.Y.U. Gives Its Stars Loans for Summer Homes" (front page, June 18):

The board and the leadership team of New York University have led a sustained and successful effort to transform N.Y.U. from a regional university into a world-class residential research university. This has been done by recruiting, retaining and building a community of outstanding scholars, as well as experienced, innovative leadership. It is one of the great success stories in the history of modern higher education.

None of this happened by accident, and none of it happened in a vacuum; other top universities actively compete against us to recruit the same top faculty and academic leaders. N.Y.U.'s loan programs have been, are and will remain a legitimate, appropriate and successful part of attracting, retaining and compensating top scholars and innovative academic leaders.

The board remains wholly committed to continuing the mission of sustaining the academic momentum that has brought N.Y.U. so far. We are wholly confident in N.Y.U.'s president, John Sexton, whose own innovative leadership has done so much at the law school and the university to maintain the university's upward trajectory.

MARTIN LIPTON
Chairman, N.Y.U. Board of Trustees
New York, June 20, 2013

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