At the University of Southern California’s Marshall School of Business, a letter signed by 52 business professors—about one-fifth of Full-Time MBA faculty—criticized leadership after the school dropped further in U.S. News MBA rankings. Faculty cited a “downward trajectory” in academic reputation, research excellence, and graduating student academic quality. The letter also alleges internal governance problems, including increased centralization of decision authority and reduced consultation with faculty. Faculty members pointed to enrollment decline and preliminary admissions figures across Marshall’s four MBA programs indicating potential revenue shortfalls in the coming academic year. Marshall leadership is facing an emerging test of faculty governance influence at a time when business schools nationwide are managing budget pressure and program restructuring. The faculty vote of no confidence raises questions about what governance and resource decisions will look like during next-year planning.