Scandal at N.C. State Exposes Dark Side of Politically Connected Trustees

College presidents and trustees are talking more than ever as they cope with the financial crisis. Those open channels are generally good for colleges, but they have also increased the risk of scandals like one now plaguing North Carolina State University.

The central figure in that controversy is D. McQueen Campbell III, who resigned this month as chairman of the university's Board of Trustees. Mr. Campbell, a 38-year-old real-estate broker with deep connections to North

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