January 21, 2005

Yale Forces Out Tenured Professor for Financial Misconduct

By JOHN GRAVOIS

A tenured professor at Yale University's School of Management who is known for his work on protecting investors has lost his job because of alleged indiscretions with university funds.

Florencio López-de-Silanes, director of the university's International Institute for Corporate Governance, allegedly padded his business-travel expenses by about $150,000 since 2001, according to a source close to the professor. Mr. López-de-Silanes has made full restitution to the

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