Michael Kaiser: The 'Turnaround King' becomes a teacher of arts management

Michael Kaiser starts his classes 10 minutes early, reminding students that they're already late. Late in planning for a blockbuster ballet. Late to raise funds for a "Ring" cycle in 2017. Late in buffering their theaters and dance companies against volatile economic shifts. And though his students bring what seem to be insurmountable concerns -- some worry that their governments will yank arts funding without warning -- for the Kennedy Center president, it's never too late for a turnaround.