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"Some college administrators seem so distracted with fund raising, academic infighting, and community initiatives that they set up their emergency communications departments very poorly. Training is poor to nonexistent, secretaries are pressed into service with tremendous responsibilities for running 'notification systems' 24/7 and on weekends because no one else knows how to do it and the administration won’t pay for additional staff. Procedures are seat-of-the-pants and dependent on HIPPO (highest paid person’s opinion), except when something like Virginia Tech happens and there is some sort of scramble to do something different." --Donna
Most Colleges Avoid Risk Management, Report Says
U. of Georgia Paid 2 Fraternities $2.4-Million to Relocate, Contracts Show
The two were among five that houses on property where the university plans to build new academic facilities.
New Allegations in Admissions Controversy at U. of Illinois Suggest Ex-Provost Played a Role
Linda P.B. Katehi, the incoming chancellor of the University of California at Davis, has insisted she knew nothing of the admission of politically connected applicants at Illinois.
Sonoma State U. Foundation May Lose $350,000 on Loan to Former Board Member
The foundation will be forced to issue fewer scholarships in the 2010-11 academic year because of a diminished endowment, a university official said.
Court Overturns $2-Million Verdict for Former Coach at U. of Louisiana-Lafayette
The coach, one of the few African-Americans in big-time college football, was fired after three losing seasons. He sued, saying he had been dismissed because of his race.
The notorious vermin have forced Colorado State University at Fort Collins to cancel its annual Great Sofa Roundup, which allows students to donate unwanted couches.
College Suspends Student for Working in Gay Pornography | 58
President Obama's Visit to Notre Dame Carries Barely a Hint of Controversy That Preceded It | 58
Drug Sting Nabs 21 Students at U. of Illinois | 57
Faculty Members and Union Protest Staff Layoffs at Temple U. as 'Cruel' | 57
North Dakota Board's Vote Puts 'Fighting Sioux' Mascot on Thinner Ice | 57
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December 13, 2007
Boehner Pays $110,000 to Defend Staff in Leak Probe
Washington — Rep. John Boehner, the House of Representatives minority leader, paid lawyers $110,000 to represent four of his staff members who were interviewed by the Securities and Exchange Commission in an investigation into whether Albert L. Lord, Sallie Mae’s chairman, was given inside information about President Bush’s 2008 budget, The Hill reported today.
Mr. Lord sold 400,000 shares of Sallie Mae stock for $18.3-million in early February, only three days before President Bush unveiled a budget containing more than $17-billion in cuts to subsidies for the lending industry. The day of the budget’s release, Sallie Mae stock plunged 9 percent, to $42.37 per share, a two-year low. If Mr. Lord had sold at that price, he would have received about $1.4-million less for his shares.
In May, House Democrats released internal documents from the student-loan giant that revealed that Sallie Mae lobbyists had met with White House officials shortly before the budget’s release.
The four staff members who were interviewed by the commission have been absolved, but the investigation into the possible leak continues, The Hill reported. The commission has not sought to interview Mr. Boehner, who has received thousands of dollars in campaign contributions from Sallie Mae over his Congressional career. —Kelly Field
Posted on Thursday December 13, 2007 | Permalink |Comments
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John Boehner, Sallie Mae, insider trading, White House briefings, white collar criminal attorneys…why do all of these things just seem to fit together so well? Business as usual in the FFELP world, where a program designed to help needy students mostly helps rich bankers live like rockstars thanks to their generous campaign contributions to people like Boehner and McKeon. Lots of money in the publicly funded version of the private sector, isn’t there?
— DS Dec 13, 03:33 PM #
Yeah, this is hardly surprising. Boehner and McKeon have been the Sallie Mae whores for years.
Now they are taking cash from the for-profit education sector – most notably that useless scam school Phoenix Online Univ. In fact, McKeon’s staffer was formerly the lobbyist for Phoenix Online Univ.
— FP Dec 13, 03:51 PM #