A [chilling, backstage read](https://agb.org/trusteeship-article/college-at-a-crossroads-closures-and-mergers/) from [*Trusteeship*](https://agb.org/trusteeship-magazine/), a magazine for university and college trustees:

> Sometimes even when an institution is not in financial distress, its long-term prospects for survival are so unpromising that a dignified closure is the best option.

The [piece](https://agb.org/trusteeship-article/college-at-a-crossroads-closures-and-mergers/) went to press before the full COVID fallout was clear, but it's getting read by trustees—mostly drawn from the world of business—
now charting our post-pandemic future.