Wells Fargo and You

I fear the meltdown at Wells Fargo Bank, which has somehow not yet cost CEO John Stumpf his job, will have an impact on governance at independent schools. It is hard enough to persuade board members that they shouldn't be micromanaging the head of school's moves, but something like the flagrant abuses at Wells seems like a tailor-made rationale for increasing board intervention in management affairs. Heads: beware.