He thinks restrictions on executive pay and on speculative trading in securities are unnecessary for the smallest institutions.
The N.C.A.A. last year formed a working group on membership issues, and the Division III group recommended the creation of a fourth division for the association's smallest institutions.
The smallest institutions were more likely than medium and large institutions to offer merit scholarships, and less selective colleges also were more likely to award them to transfer students.
Since 2010, the smallest institutions, below 1,000 students, have been shedding the most enrollment, a decline of 5percentt compared to the institutions with more than 10,000 students, which have grown slightly, on average, according to the U.S. Department of Education.
Although there is much talk about constraining banks that are too big to fail, the smallest institutions are the ones that will suffer most in this changed environment.All of these factors help to explain why banking will continue to be a highly attractive business.
With a staff of about 140 and a yearly budget of about $12 million, GISS is one of NASA's smallest institutions.
