The Investors’ Club: How the University of California Regents Spin Public Money into Private Profit

[ensho]

http://spot.us/stories/544-the-investors-club-how-the-university-of-california-regents-spin-public-money-into-private-profit


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“As universities become glorified vocational schools for corporations they adopt values and operating techniques of the corporations they serve.” – Chris Hedges (Empire of Illusion, 2009)
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-snip of part 1 and 2-

The Regents Club: Conflicts of interest are nothing new at UC, but they may be getting worse

“It is just amazing that these regents are enriching themselves at the expense of the institution they are supposed to be leading. We are not talking about one or two isolated instances, or a piddling amount of money but $2 billion. Financially, California is going down like the Titanic, and these people are pocketing the silverware.”
--Ken Boehm, National Legal and Policy Center

-long snip of part 3 with photo of regents-
-snip-
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U of C needs a house cleaning

[LiberalFighter]

1. They need more than a house cleaning

They need legislation to prevent it from happening again.

An inspector general or something to audit them. Legislation to restrict their activities, etc.