Monday, November 17, 2008

In case you had any doubts about the NYU board of trustees' priorities

In a year when John Sexton forced a destructive strike, harassed, fired, and blacklisted graduate student employees, spat in the faculty's face (metaphorically,) and raised undergrad tuition by more than 5%, he was given a 56% pay increase by Marty Lipton and the other powers that be on the university's bloated corps of high finance miscreants that is its ruling body. $1.3 million. That's like Swensen money. More, actually. And NYU's endowment is about 1/10th the size of the one Swensen's presided over, though both have invested in predatory hedge funds like Farallon Capital Management and both like to gobble up urban real estate for private gain.

The Washington Square News is understandably miffed.

In addition to many unjustifiably elusive statements, NYU has yet to reveal whether the opinions of faculty and students are considered in the evaluation. It was in 2006 that the committee decided to increase Sexton’s base salary, a year of controversial graduate student strikes. Despite vocal disapproval of Sexton’s response to the strikes by student groups and members of the faculty, the committee still decided to raise his salary.

President Sexton’s salary might be raising at an entirely justifiable rate. But until the university becomes more candid about its methods, suspicions will justifiably abound.

Sounds like they might have something in common with those "angry radicals" after all.

And more reasons why Jacob Lew shouldn't be managing the federal budget.

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