Myers University: Meet the Business School That Can't Do Business

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Myers President Richard Scaldini was optimistic about the school's fate in February. By May, he was scrounging for another handout.
The Plain Dealer reported over the weekend that Myers University, Cleveland's oldest business school, is on the verge of being sold. But considering the source, it may pay to remain a little skeptical. As Scene reported in February, Myers has been destined for oblivion since at least 2001, when it hired a brash and apparently brainless new president, Paul Feingold. Feingold proceed to run the school in the ground, buying, among other things, a catering business the school couldn't afford. In the summer of '02, the new president, we wrote:
... announced that Myers had bought the University Club, a ritzy joint operated out of a Euclid Avenue mansion. The club was in the heart of Millionaire's Row, a stretch of city long forgotten as an entertainment destination. But Feingold had big plans.
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