A position paper concerning the role of colleges and universities in corporate education, which was prepared for the Alden Seminar on Higher Education, is presented. In addition, a brief overview is presented of the April 1982 Alden Seminar meeting, which examined the current situation of higher education, particularly in regard to higher education in Massachusetts. In "The Interdependence of Employment and Education," Ernest A. Lynton considers the following areas: the importance of human capital, the rise of corporate education and training, the need for more academic involvement in corporate education, the need for change in colleges and universities as well as in employee training, the need for continuous manpower planning in view of uncertainties of the future, the implications of demographic changes, the need to broaden employee education to include liberal arts; and educational and policy issues that need to be addressed by higher education and business. Two projects to enhance business-education cooperation are also described: a brokerage mechanism for the Boston metropolitan area and an educational telecommunications network. Information is presented on seminar participants. (SW)