CHUTZPAH. Every so often, the American Association of University Professors attempts to recruit me. Here is an excerpt from the latest pitch: "Faculty governance, a central feature of higher education, can help institutions to make the right choices in this rapidly changing environment. Faculty who are firmly grounded in scholarly disciplines are the appropriate decision makers about standards for academic achievement, academic policies, qualifications of peers and candidates for academic positions, and procedures that affect teaching and research in the academy. But on far too many campuses, faculty governance is diluted by the imposition of managerial schemes and mandates. Instead of sharing in the governance of the institution, faculty are sometimes relegated to the status of 'stakeholders,' on equal footing with alumni, students, parents, vendors, and future employers." Only seems fitting ... isn't this "stakeholder" notion a central theme in environmental studies, environmental management, and business ethics? If the objective of business is a mere social construction, in which maximizing shareholder wealth is one of several conflicting goals, and shareholders merely holders of one kind of stake, what privilege does faculty governance enjoy?