Thursday, May 18, 2006

Regents back embattled UC president

By MICHELLE LOCKE

The Associated Press
SAN FRANCISCO


University of California President Robert C. Dynes, under fire over millions of dollars in bonuses and other perks secretly paid to top executives, got the support of his board Thursday.

"He is the appropriate leader to resolve these issues and guide the university through this difficult chapter in its history," UC Board of Regents Chairman Gerald Parsky said.

Smiles and applause greeted the statement, read as the board held its regular meeting in San Francisco. Still, the regents had some stern words for their president, saying they "hold him accountable for the university's compensation problems and he has acknowledged his responsibility."

"I don't think it's letting President Dynes off easy at all," Parsky said outside the meeting.

[...]

Full Story


Comments:
The cynics among you who predicted that the system would protect one if its own were apparently correct.

--Doug
 
Golden parachute, here we come!
 
This proves once again that when you are at the top you are untouchable.May the corruption and perks continue to flow, at of course the middle working class expense.
 
Golden parachute, here I come!

Thanks, Parsk, ol' buddy! This is even better than being a 5th-degree Mason. How cool is this, really?

A month or two from now, after the memories of my fiduciary misdeeds have long since faded from John Q. Public's dim collective memories, I will announce a "need to spend more time with my family", and comfortably (very comfortably) retire.

Life is good.
 
Arrogance knows no shame.
 
Look for Parsky to bring more of this "stern oversight" to New Mexico, where he is the Chairman of LANS. Reform is sure to follow!!
 
I sure am glad that UC retained a place at the LANL feeding trough. It will be comforting to have continuity in corruption as we continue to provide The World's Greatest Science Serving All Of Humanity.
 
Hey, Spode!

(A) It is NOT the "greatest" science; it's "substantially equivalent" engineering.

And,

(2) It doesn't serve "all" of humanity; it serves the prime contractors for the Department of War.

-Sheeh! Get it straight, dude...
 
I guess the current state of UC ain't so different from the private sector after all. Ethical concerns, questionable executive pay practices, changes to pension plans... Maybe the impact of changing from public to private won't be such a difficult transition to make after all.
 
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