The Rutgers Spin ; Some Spending Can't Be Explained Away
The Record, Bergen County, NJ › August 08, 2008
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Summary
RUTGERS UNIVERSITY is looking for new sponsorships. It should make a pitch to the folks at Maytag. The state university operates in spin cycle.
On Monday, Rutgers University President Richard McCormick announced he was donating his $100,000 performance bonus toward student aid. It was clearly an attempt to deflect attention from the university board of governors' irrational exuberance when it comes to spending other people's money.See the full content of this document
Extract
The Rutgers Spin ; Some Spending Can't Be Explained Away
McCormick received the bonus in addition to a $25,000 raise, bringing his base salary up to $550,000. His total compensation package is $667,000. If McCormick were leading a private corporation flush...
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