Lavish Spending by College Presidents

http://www.futureofcapitalism.com/2009/12/lavish-spending-by-college-presidents

The New York Times, which fronts a report on a college president in New Jersey who gets paid more than $1 million a year, has a sidebar on "Other College Heads Who've Been Accused of Lavish Spending" that somehow manages to omit the case of Vanderbilt chancellor Gordon Gee. The Wall Street Journal reported, "Vanderbilt paid more than $6 million, never approved by the full board, to renovate and enlarge Braeburn, the Greek-revival university-owned mansion where Mr. Gee and his wife, Constance, live. The university pays for the Gees' frequent parties and personal chef there. The annual tab exceeds $700,000."

by Editor  |  Dec 22, 2009 at 9:24 am Related Topics:  Non-Profits, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list