Unfortunately, I couldn t get any numbers for 1940, however, these statistics should give you a flavor. In 1950, there were 13,661 students at schools that would eventually make up the state system and in 1960, there were 21,968 students, in 1998 there were 95,052. Business has indeed changed and not just in the type of businesses that make up the economy. How many of you remember George Allen, who coached, among other teams, the Washington Redskins. To some extent the same can be said of business today.
Many decisions are stock market driven.
Although generally stocks have done very well, companies share prices are subject to quick downturns if they do not meet earnings projections. This has forced CEOs to change their perspective. They want to know what the value is in everything they pay for. This is even true when it comes to contributions to charities and educational institutions, which are now often project driven. Last year I addressed a group of trustees from the State System.