Capital and Gown at Oxford

Financial systems aren't near as good as they need to be, says Giles Kerr, part of the university's ambitious new management team

When Oxford University appointed John A. Hood vice-chancellor last fall, the venerable institution made a sharp break with tradition. Although Hood, a New Zealander, attended Oxford on a Rhodes Scholarship and holds a doctorate in engineering, he is the first vice-chancellor to come from outside Oxford's academic ranks. Hood worked in business for 19 years, running both the construction and pulp-and-paper arms of Fletcher Challenge, a New Zealand conglomerate. He became vice-chancellor of the University of Auckland in 1999.

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