[Excerpt] I am going to discuss the stresses that the American higher education system is now under, the changes that we have seen in American higher education over the last three decades - many which predate the great recession - and how CIC members have responded, and might respond in the future, to these changes. A message that I hope you will take away is that I believe you have a unique advantage relative to your public sector counterparts because of the difference in the governance structures and financial models under which you operate. I will conclude by speculating a bit about what the future will hold for all of us.