June 4, 2004
U. of Georgia Regents Drop Foundation
The University of Georgia terminated its relationship with its private foundation last week, after nearly a year of battling over who has oversight of the university's president, Michael F. Adams, and resolved to end private supplements to his pay.
The action, which higher-education experts say is unprecedented in academe, came in a unanimous vote by the Board of Regents of the University System of Georgia. According to the terms of a 1996 memorandum of understanding with the
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