Gino Donato/The Globe and Mail
On Feb. 2, university president Robert Hache said the institution was insolvent after a decade of financial strain from issues that predate the pandemic, like population decline in the region. “LU was routinely taking deficits budgets to its board, without, it would appear, the board ever instructing to deal with this issue,” he writes.
He also notes that the current president, who was hired in 2019, has taken corrective action to address the financial issues and is not to blame for the situation. He urged the government to support the school’s application for creditor protection while publicly endorsing its long-term importance to the province.
RossRomanoSSM why was this information not given to the Union? Why was Dominic Giroux hired as the Sudbury Hospital's CEO because of his ability to 'balance budgets'?