November 28, 2008

Grassley Questions Service on Corporate Boards

By PAUL FAIN

Sen. Charles E. Grassley has issued a written statement urging college trustees to reconsider whether their presidents should serve on corporate boards.

"University boards should look at what students gain or lose from having the university president sit on corporate boards such as Bear Stearns," said Mr. Grassley, an Iowa Republican and the ranking member of the Senate Finance Committee. "Maybe there are fund-raising gains, but those gains might be undercut by time away from the

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