Loading ...Southern Baptist’s flagship seminary faces budget cuts
flockwoodThe Great Recession of 2008 is packing a wallop at Southern Baptist Theological Seminary in Louisville. The school’s estimated $97 million endowment has been hit hard by the stock market drop, and the school faces a possible $3.2 million deficit, according to Peter Smith at the Louisville Courier-Journal.
To read about the recession’s impact on the nation’s marquee Southern Baptist seminary, click here.
H/T: Caleb Powers
December 17th, 2008 at 7:28 pm
It didn’t say how much of a pay cut Mohler is taking.
Then again the reference to eliminating “non-critical” staff reminded me of a clear solution to their problem.
The seminary has already fired all of the faculty and staff that believed in and/or practiced a critical approach to the study of the scriptures. Thus, they can fire the entire faculty and staff–inasmuch as none of these men (remember under their patriarchal system no woman can teach any man) are truly “critical.”
Then there will be no need to keep the least critical of all their people, i.e., Al Mohler.