Posted on 04/25/2006 10:29:28 PM PDT by Jubal Harshaw
For the last decade, University of California leaders systematically failed to disclose to UC's governing board the details of pay packages and perquisites granted to senior executives, despite policies requiring such disclosure, according to an audit released Monday.
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At UCLA on Monday, Dynes noted that the situation was especially troubling in light of a similar controversy more than a decade ago, when UC was criticized for excessive compensation to departing executives.
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The report noted about $23,000 in undisclosed expenses for Dynes [the current UC president
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The report also noted that some compensation for a number of employees, including the extra income for Dynes, was not reported to the Internal Revenue Service. Officials said amended W-2 forms would be submitted.
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several officials, including former UC Berkeley Chancellor Robert Berdahl, were provided university housing and low-interest home loans concurrently.
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the former director of the Los Alamos National Laboratory, George Nanos, received a separation package in which UC agreed to continue to pay his $287,000 salary for up to two years and four months after his resignation in 2005. The university also agreed to reimburse Nanos up to $200,000 for any loss on the sale of his New Mexico home.
(Excerpt) Read more at latimes.com ...
So how is this not embezzelment? And how is failure to report these perks not tax evasion? Enquiring minds, such as mine, and those of other CA taxpayers, want to know.
Sounds like a RICO type prosecution is in order.
Thanks for posting, I plugged a couple more keywords in a well.
as
This is a pretty good recommendation for the business schools of
the UC system.
Sounds like the ernest student could learn all the ropes of "compensation maximization".
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