Speech for Trustees

7/31/2019 Speech for Trustees

1/22

^t' C`fg tfe Eylgjemo~t

^nf``mTfe Ylmue `i l Xuxlm ^nf``m

Hy3 ^uslgge Nlbblmmexo

5/


2/22

^t' C`fg Tfe Eylgjemo~t ^nf``m Tfe Ylmue ì l Xuxlm ^nf``m

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Og tfe ~nf``mlxdnfomdxeg ~zogj hlnk lgd i`xtf'

J`yexgbegt~~zogj hlnk lgd i`xtf

og q`zex'Telnfex~ zltnf i`x tflt ilmm'

Qlxegt~ zltnf i`x tflt nfòne'L ~omegt ~zogj dè~ g`t

l hettex edunlto`g hxogj'_ù nlg felx tfe nx ì m`gj do~tlgne melxgogj'

_ù nlg ~ee tfe telx~ ì imlj~ heogj m`zexed'_ù nlg qml zotf gubhex~

l~ zemm l~ t`~'Blgoqumlto`g o~ lmm og tfe flgd~'

Ot xubhme~ lgd x`mm~l~ l nxlq ~f``t tlhme'

^``g ze*mm he telnfogj kod~og l ~tlhme'

Zflt flqqeged t` nlxogj lhùt n`bbugot0Zflt flqqeged t` heogj l qlxt ì tfeox de~tog0

Og~teld tfe i`md~ ì ~kog zomm xo~ezfeg q`t~ ì ogi`xblto`g lxe lglmsed'Ot o~ zotf f`qe tflt xohh`g~ zlye fojf

~` tflt nfomdxeg*~ yòne~zomm `ge dl im'

Nf``~ogj t` moye og l n`bbugotzfexe ot o~ q`~~ohme t` g`t `gmxelnf i`x tfe ~tlx~-

hut lm~`~ee tfeb'


3/22


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4/22


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Iox~t ì lmm- O zlgted t` ~tlxt b ~qeenf zotf l qèb zxotteg h Nlgldolg Qèt- Lgdex~

Nlx~`g' Fe o~ l m`nlm qlxegt lgd l nùgnom`x ix`b tfe T`zg~foq ì Xodelu Mlke~' Fe yòned fo~

n`gnexg og tfo~ qèb- lgd qetoto`ged ljlog~t tfe qegdogj nm`~uxe~ lgd n`g~`modlto`g~' Og fo~

qèb- fe i`gdm deqont~ l xuxlm n`bbugot zfexe ot o~ q`~~ohme g`t `gm t` xelnf i`x tfe ~tlx~

hut lm~` t` ~ee tfeb' Fe q`xtxl~ tfo~ n`bbugot l~ heogj tfxelteged h ~nf``m nm`~uxe~ lt

tfe blgoqumltoye flgd~ ì j`yexgbegt~' L~ tfe~e j`yexgbegt~ lgd ~nf``m h`lxd ìionolm~ qxe~~

i`x tfe nm`~uxe~ ì tfe~e ~blmm n`bbugot ~nf``m~ og tfe glbe ì |ulmot edunlto`g- Nlx~`g

nùgtex~ tfo~ xlto`glme h ~tltogj L ~omegt ~zogj dè~ g`t l hettex edunlto`g hxogj' Nm`~uxe~

lgd n`g~`modlto`g~ zomm gm hxogj ~`xx`z lgd n`bbugot deyl~tlto`g og tfe i`xb i nxoe~ ì

m`gj do~tlgne melxgogj lgd telx~ ì imlj~ heogj m`zexed' Fe egd~ fo~ qèb zotf l f`qeium

t`ge- uxjogj lmm ~tlkef`mdex~ t` nlxe i`x tfe~e n`bbugotoe~ lgd tfeox de~togoe~'

O zlgt t` tflgk tfe Txu~tee~ i`x lmm`zogj be t` ~qelk ljlog' L~ ~`be ì u kg`z- O

flye lmxeld qxe~egted l ~qeenf tzone- lgd O zlgted t` uqdlte ù `g b qetoto`g- lgd zflt

tfo~ ~nf``m belg~ t` be' B glbe o~ ûslgge Nlbblmmexo lgd O lb l b`tfex ì tz` ùgj

nfomdxeg- Nfxo~togl- ljed


5/22


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lgd tfexe flye heeg ~` blg lqqxenoltoye qe`qme zf` flye tflgked be i`x b eii`xt~' @i

nùx~e- ot hej~ tfe |ue~to`g3 Zf lb O dògj tfo~0 Zemm- t` he f`ge~t- O lb dògj tfo~ i`x l

gubhex ì xel~`g~' O ieem tflt b kod~ ~nf``m o~ z`xtf iojftogj i`x' ^`be`ge ~lod t` be `gne

oi ù d`gt iojft i`x ùx nfomdxeg- tfeg g`h`d zomm'

B nfomdxeg blttex t` be' Tfo~ ~nf``m blttex~ t` be- lgd ot blttex~ t` tfe n`bbugot'

O tfogk tflt ot ~fùmd blttex t` tfe nf``m H`lxd t``' Z``d~mee o~ l qxùd n`bbugot' O

hemoeye tflt ze nlg he l heln`g ì f`qe- l ~fogogj evlbqme lgd l b`dem t` g`t cu~t tfe

Zogd~`x"E~~ev Nùgt Nltf`mon Do~txont ^nf``m H`lxd- hut lm~` t` `tfex xuxlm n`bbugotoe~ og

@gtlxo` lgd lxùgd Nlgldl' Xuxlm ~nf``m~ lgd n`bbugotoe~ ~fùmd g`t flye t` he yoezed l~ l

qx`hmeb t` tfe H`lxd- lgd n`g~`modlto`g ~fùmd g`t he n`g~odexed tfe ~`muto`g' Ze nlg

ebhxlne tfo~ `qq`xtugot t` n`be t`jetfex- t` ebhxlne tfo~ tobe t` he ogg`yltoye- t` he

nxeltoye- lgd t` flye l yolhme ~`muto`g- `ge tflt keeq~ h`tf tfe ~nf``m lgd n`bbugot z`xkogj

t`jetfex- t` eg~uxe ùx yotlmot lgd iutuxe zemm"heogj'

L~ l xejumlx nfuxnf jèx- O lb og~qoxed litex bl~~ zfeg Iltfex Dlye ~l~ J` og Qelne-

lgd ~exye tfe M`xd' O tfogk h lntoyem jettogj ogy`myed- h ~tlxtogj b qetoto`g o~ `ge zl tflt

O nlg d` tflt' O flye xelmm egcèd dògj tfo~' Ot~ joyeg be ql~~o`g lhùt zflt o~ obq`xtlgt-

lgd ~`betobe~- ù d`gt xelmose zflt o~ obq`xtlgt ugtom ot o~ j`ge' O flye lntoyem j tteg

ogy`myed t`` og b nfomdxeg~ ~nf``m' Xenegtm- O qlxtonoqlted og tfe Qlgnlke Mugnf- h

y`mugteexogj t` blke qlgnlke~' O lm~` femqed ùt lt tfe Ql~tl Doggex tflt zl~ xenegtm femd-

lgd O lm~` flye lttegded tfe ml~t ~eyexlm Qlxegt Nùgnom Beetogj~ lt tfe ~nf``m' O lb fexe t`


6/22


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~l tflgk~ t` eyex`ge- lgd t` ~f`z tflt O flye deb`g~txlted tfe Nlxdoglm yoxtue~ ì

i`xtotude- cu~tone lgd ~tezlxd~foq'

Tfo~ qx`ne~~ fl~ heeg yex tfexlqeuton t` be- lgd ot ieem~ moke O lb dògj zflt J`d

evqent~ ì be h evt`mmogj tfe nlxdoglm yoxtue~ ì i`xtotude- cu~tone lgd ~tezlxd~foq- lgd f`z

tfe~e yoxtue~ n`ggent t` tfe evqentlto`g~ i tfe @gtlxo` Nltf`mon ^nf``m Jxldulte'

Tfe nlxdoglm yoxtue ì cu~tone xemlte~ h l do~nexgogj hemoeyex i`xbed og tfe Nltf`mon Ilotf

N`bbugot h qx`b`togj ~`nolm xe~q`g~ohomot- l xeimentoye lgd nxeltoye tfogkex zf` xen`jgose~

tflt f`qe o~ e~~egtolm og ilnogj lmm nflmmegje~; l n`mmlh`xltoye n`gtxohut`x zf` lnfoeye~

evnemmegne- `xojoglmot lgd ogtejxot- lgd l nlxogj ilbom bebhex zf` bogo~tex~ t` tfe ilbom-

~nf``m- qlxo~f lgd zodex n`bbugot tfxùjf ~exyone' Tfe nlxdoglm yoxtue ì ~tezlxd~foq o~

yo~ohme og ùx Nltf`mon ~nf``m n`bbugotoe~ zfeg nlxe i`x J`d~ blg joit~ o~ qxlntoned ùt ì

m`ye i`x J`d lgd `ge lg`tfex' Tfe nflxlntex ì Nltf`mon ^nf``m n`bbugotoe~ temm~ u~ lhùt

~tezlxd~foq' Ot xemlte~ t` tfe @gtlxo` ^nf``m Jxldulte h l do~nexgogj hemoeyex zf` deyem`q~

lttotude~ lgd ylmue~ iùgded g Nltf`mon ^nf``m telnfogj~ lgd lnt~ t` qx`b`te ~`nolm

xe~q`g~ohomot- fublg ~`modlxot lgd tfe n`bb`g j``d- h heogj l xeimentoye lgd nxeltoye

tfogkex zf` evlboge~- eylmulte~ lgd lqqmoe~ kg`zmedje i ogtexdeqegdegt ~~teb~ &Qf~onlm-

q`motonlm- etfonlm- ~`no`"en`g`bon lgd en`m`jonlm/ i`x tfe deyem`qbegt ì l cu~t lgd

n`bql~~o`glte ~ noet/' I`xtotude O~ nùxlje- lgd l qex~`g ì i`xtotude qxlntone~ qltoegne

zfeg beetogj `h~tlnme~ zfome z`xkogj t` d` zflt o~ xojft- eyeg zfeg `tfex~ nxotonose tfeb `x

xeblog ~omegt' Tfe nlxdoglm yoxtue i`xtotude xemlte~ t` tfe @gtlxo` Nltf`mon ^nf``m Jxldulte

evqentlto`g~ h heogj lg eiientoye n`bbugonlt`x zf` qxe~egt~ ogi`xblto`g lgd odel~ nmelxm


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lgd f`ge~tm lgd zotf ~eg~otoyot' Ot o~ l xeimentoye lgd nxeltoye tfogkex zf` ld`qt~ l f`mo~ton

lqqx`lnf t` moie h ogtejxltogj melxgogj ix`b ylxo u~ ~uhcent lxel~ lgd evqexoegne' L ~emi

doxented xe~q`g~ohme moie"m`gj melxgex zf` tlke~ ogotoltoye lgd deb`g~txlte~ Nfxo~tolg

meldex~foq- lgd l n`mmlh`xltoye n`gtxohut`x zf` deyem`q~ ge~ J`d Joyeg q`tegtolm lgd blke~

l belgogjium n`gtxohuto`g t` ~`noet' Ot o~ l xe~q`g~ohme notoseg zf` qx`b`te~ e|ulmot-

deb`nxln lgd ~`modlxot i`x l cu~t- qelneium lgd n`bql~~o`glte ~`noet'

Og b xe~elxnf- O flye iùgd blg ~tx`gj nl~e~ ì tfe obq`xtlgne ì tfe xuxlm ~nf``m t`

ot~ n`bbugot- lgd O lb jògj t` ~flxe zotf ù tfe Ylmue ì tfe ^nf``m hl~ed `g tfe

i`mm`zogj3

Ylmue t` tfe N`bbugoty'

Nltf`mon ~`nolm telnfogj o~ l xonf txldoto`g tflt o~ x``ted og tfe ^nxoqtuxe' Og 811?- Q`qe

Hegedont VYO telnfe~ `g qògt~ e~~egtolm t` fublg deyem`qbegt- tfe egyox`gbegt lgd tfe

qx`jxe~~ t`zlxd~ tfe n`bb`g j``d ì lmm qe`qme' Tfe n`bb`g j``d egnùxlje~ ogdoyodulm~

lgd n`bbugotoe~ t` lnt `g heflmi ì tfe j``d ì lmm' Tfe n`bb`g j``d o~ lm~` ~`nolm zfonf tflt

elnf ì u~ iogd~ n`bi`xt lgd flqqoge~~ zfeg ze hem`gj t` l n`bbugot lgd lnneqted i`x zf`

ze lxe' Tfe n`bb`g j``d o~ numtuxlm zfonf joye~ belgogj t` ùx moye~ h lmm`zogj u~ t` lnt og

n`gnext zotf `tfex~ lgd meldogj elnf ì u~ t` moye- z`xk lgd hemoeye t`jetfex'

^t' C`fg tfe Eylgjemo~t ~nf``m o~ tfe felxt i tfe n`bbugot' B qetoto`g- zfonf fl~

xeneoyed `yex 911 ~ojgltuxe~- deb`g~txlte~ tfe n`bbugotoe~ m`ye - tfeox n`bbotbegt lgd

tfeox xe~`mye i`x tfe n`bb`g j``d- zfonf o~ t` ~lye ùx ~nf``m'


8/22


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Og fex bl~tex~ i Edunlto`g tfe~o~ h Nlx`mgg Tf`bq~`g ix`b \ueeg~ Ugoyex~ot og

Bl 81


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l bumto"jxlde nml~~x``b `xjlgoslto`g' Hlxd et lm evqmlog tflt fo~t xonlmm ~nf``m n g~`modlto`g

fl~ heeg l zl t` ~`mye xuxlm o~~ue~ og tfe ee~ ì q`mon blkex~ lgd edunlto`glm ìionolm~' Og

@gtlxo`- evo~tegne lgd yumgexlhomot ì xuxlm ~nf``m~ t` tfe jm`hlmoslto`g lgd eiionoegn lgd

qx`duntoyot i`nu~ fl~ ~foited ix`b nfomd"negtexed nuxxonumub t` tfe en`g`b negtexed

y`nlto`glm txlogogj'

^t' C`fg tfe Eylgjemo~t ~nf``m ldd~ ylmue t` tfe n`bbugot' Lt mugnf tobe- O nlg felx

tfe nfomdxeg mlujfogj og tfe ~nf``m lxd- " tfeox mlujftex o~ enfèd tfxùjf tfe im``d qmlge- l~ O

moye `g Hemme Xoyex' T` m`~e ùx ~nf``m- t` m`~e tfe ~ùgd~ ì nfomdxeg mlujfogj- belg~ m`~ogj ùx

yotlmot t` tfe n`bbugot' Xe~elxnf fl~ ~f`zg tflt ~tudegt~ lxe lhme t` numtoylte xuxlm

belgogj~ lgd odegtotoe~ h egjljogj og m`nlmm xe~q`g~oye nuxxonuml lgd n`bbugot negtexed

lntoyotoe~ og ~blmm xuxlm ~nf``m~' Lnn`xdogj t` xe~elxnfex~ Gezt`g lgd Gezt`g- ~blmmge~~ o~ l

q`~otoye ieltuxe ì blg xuxlm ~nf``m~' Fexs`j lgd Qottblg xuxlm qexneoyed ix`b uxhlg

yoezq`gt~ meld t` gejltoye ~tex`tqe~ n ugtx hubqkog~' Xuxlm ~nf``m~ ilne nflmmegje~ ì

denmogogj egx`mmbegt lgd hoxtf xlte denmoge~' Og @gtlxo`- tfe gubhex i ~tudegt~ og Quhmon

edunlto`g ~~teb zùmd denxel~e h :8-111 `x >'?% h 81'

Obex~`g ~tlte~ tflt ~blmmex n`bbugotoe~ lxe tqonlmm qmlne~ tflt gltuxlmm xe~umt og

nm`~e ogtexqex~`glm n`ggento`g~- zfexe ogdoyodulm~ kg`z- ~flxe zotf lgd nlxe i`x elnf `tfex'

^blmmex ~nf``m~ boxx`x tfe~e |ulmotoe~' Xuxlm ~nf``m~ lxe tfe jmue tflt hogd~ tfe n`bbugot

t`jetfex lgd ~exye~ l~ tfeox en`g`bon lgd ~`nolm fuh- iommed zotf m`nlm n`bbugot qxode lgd

~uqq`xt' Fexs`j lgd Qottblg ~tlte tflt xuxlm ~nf``m~ flye ~txegjtf~ tflt ~fùmd he qlxt ì tfe

qxe~nxoqto`g i`x xebedogj qx`hmeb~ lgd doxentogj nflgje~ og xuxlm edunlto`g' Xe~elxnfex~


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T` evqlgd egexj `g nm`~ogj tfe~e ~nf``m~ doyext~ egexj lgd i`nu~ `g ~txegjtfegogj tfeb

Cobex~`g'

Nlgldolg xe~elxnfe~ Gezt`g lgd Gezt`g evqmlog tflt tfe i`mm`zogj eiientoye lgd zemm"

xe~qented telnfogj qxlntone~ `xojoglted og ~blmm ~nf``m~; ogdoyodulmosed og~txunto`g- qeex"

tut`xogj- n``qexltoye edunlto`g- lgd ~nf``m lgd n`bbugot xemlto`g~foq~

Tfe ldylgtlje~ ì ~blmm xuxlm ~nf``m~ og Nlgldl ognmude3 M`zex quqomtelnfex xlto`- e|ulm

`qq`xtugot i`x evtxl"nuxxonumlx lntoyotoe~- b`xe meldex~foq `qq`xtugotoe~ lgd fojf meyem ì

n`bbugot ~uqq`xt i`x ~nf``m~' Xltfex tflg nm`~ogj ~blmm xuxlm ~nf``m~ ze ~fùmd he

nlqotlmosogj `g tfeox n`gtevt~' ^blmm ~nf``m q`qumlto`g~ nùmd meld t` ~nf``m"n`bbugot

ogtejxlto`g lgd m`nlmm xemeylgt nuxxonuml' ^nf``m fl~ hen`be l blxketlhme n`bb`dot' L~

~nf``mogj n`gyexje~ t` `ge ~ogjme blxket- tfe hegeiot~ ì ~blmm xuxlm ~nf``m~ ~unf l~ ~blmmge~~-

~eg~e ì n`bbugot- e|ulm evtxl nuxxonumlx `qq`xtugotoe~ lxe deebed deionoegnoe~ og~teld ì

ldylgtlje~' Tfe quxq`~e ì edunlto`g tegd~ t` i nu~ `g tfe ugoyex~lmosed- ~tlgdlxdosed

edunlto`g ì notoseg~- og~teld ì tfe ugo|ue melxgogj evqexoegne~ ì tfe ogdoyodulm' Xuxlm

~nf``m~ zomm n`gtogue t` he evqmòted og tfe glbe ì eiionoegnoe~' ^blmm xuxlm ~nf``m~ flye blg

joit~ t` joye lgd nm`~ogj tfeb d`zg `x n`g~`modltogj tfeb zomm fogdex h`tf ~tudegt melxgoj lgd

xuxlm n`bbugot lgd odegtot'

Xe~elxnf ~f`z~ tflt ~blmm ~nf``m~ lxe hegeionolm t` ~tudegt melxgogj ~blmm xuxlm ~nf``m~

qx`yode l ilbom moke ~nf``m numtuxe- ognmudogj n`bbugot ogy`myebegt- qeex telnfogj lgd

meldex~foq `qq`xtugotoe~' ^tudegt lnfoeyebegt o~ fojf og ~blmm ~nf``m~' ^blmm ~nf``m~ qx`yode

ognxel~ed |ulmot edunlto`g' ^tudegt~ ix`b lje


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20/22


Q l j e } 81

Qlxegt~ xen`jgose tfe ~nf``m l~ tfe fuh ì tfe n`bbugot' Tfe motexltuxe ~ujje~t~ tflt

nm`~uxe~ lgd n`g~`modlto`g~ lxe detxobegtlm t` xuxlm n`bbugotoe~ lnx`~~ G`xtf Lbexonl'

Og 811:- Dlmt`g BnJogt~ Mohexlm J`yexgbegt qx`bo~ed $551 bommo`g og iugdogj t` ~lye xuxlm

~nf``m~' Zfexe o~ tflt qx`bo~e0

Og tfe z`xd~ i Zfotge Fù~t`g3 O hemoeye tfe nfomdxeg lxe ùx iutuxe' Telnf tfeb zemm

lgd met tfeb meld tfe zl' Moie dè~ g`t jet hettex h nflgne' Ot jet~ hettex h nflgje- ~` oi

ù d` zflt ùye lmzl~ d`ge- ùmm jet zflt ùye lmzl~ j`tteg'

O zùmd moke t` ~flxe l ~t`x zotf ù' O zl~ lt ^f`qqex~ Dxuj Blxt ml~t zeek lgd O tfùjft-

@f ~f``t- O ~fùmd hu b b`b l b`tfex~ dl nlxd i`x b`tfex~ dl; g`t tfe d`mmlx ~t`xe

kogd- hut tfe evqeg~oye $4'?? `ge~ tflt flye qxett im`zex~ `g ot lgd tfe qèton z`xd~ h Ebom

Blttfez~- zfonf blke ù nx' O kg`z b b`b m`ye~ tf`~e nlxd~ lgd ù cu~t nlgt jet tflt

~lbe ~egtobegt ix`b tfe nfelq ylmue D`mmlx ^t`xe nlxd' Zfeg O j`t f`be- O xeld tfe nlxd

lgd O ~tlxted t` nx' Tfo~ nlxd xebogd~ be i lmm tfe telnfex~- tfe ~nf``m- lgd lmm ì tfe qlxegt~

lgd n`bbugot lgd tfe `qq`xtugot tflt tfo~ LXN fl~ joyeg be'


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_ù lxe `ge ì tf`~e ~qenolm qe`qme-

zf` hxojfteg~ dl~-

zlxb~ felxt~-

lgd hxogj~ ~` bunf flqqoge~~

cu~t h heogj ùx `zg z`gdexium ~emi'

Tfe hlnk i tfe nlxd o~ zflt xelmm tùnfed b felxt Zfetfex ~flxogj zlxb zo~fe~- z`xd~

ì zo~d`b `x tfe helut ì fex qètx- Ebom Blttfez~ c` i`x moyogj og~qoxe~ lg lqqxenolto`g

i`x zflt txum blttex~ og moie' Fex zxotogj~ flye femqed qe`qme joye yòne t` tfe z`xd~ ì tfeox

felxt~' Ix`b nemehxltogj ~qenolm dl~ t` evqxe~~ogj jxltotude lgd f`qe- Ebom xeliioxb~ tfe

hme~~ogj~ ì ilbom lgd ixoegd~- lgd tfe obq`xtlgne ì ~tlogj n`ggented'

Tfe Ml~t moge tfe obq`xtlgne ì ~tlogj n`ggented xelmm ~tunk zotf be- l~ tflt o~ f`z O

ieem lhùt f`z tfo~ zf`me qx`ne~~ fl~ lntoyem n`ggented be zotf tfo~ ^nf``m- tfe n`bbugot

lgd tfe nfuxnf' O tfogk tflt o~ tfe helut- tfe cezem lgd tfe hme~~ogj ì tfo~ mottme ~nf``m tfo~

$4'?? nlxd fot f`be zotf f`z O ieem lhùt ^t' C`fg tfe Eylgjemo~t ~nf``m- g`t evlntm tfe kogd ì

eb`to`g ù nlg jet zotf tfe Ylmue D`mmlx ~t`xe nlxd &lkl hoj h`v ~nf``m/'

Og n`gnmu~o`g- ~blmm ~nf``m~ lxe z`xtf ~lyogj- lgd ~blmm ~nf``m~ lxe z`xtf tfe n`~t'

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