Friday, October 28, 2005

I Owe My Soul To The Company Board

Ever catch a kid doing something wrong only to hear: "All the other kids are doing it." That is how I felt when I read WVU President David Hardesty's excuse about why he's taking $70,000 a year to sit on the board of a big coal company:

"This is not an uncommon arrangement. If you look at other universities with whom we compete, you would find their presidents sitting on corporate boards as well. It's becoming increasingly common for university presidents to serve on the boards of corporations."

All the other kids are doing it? Fine. Take away his allowance -- the entire $275,000-a-year that he rakes in as the university's president.

Cross posted at Florida Masochist and Don Surber.


  1. All the other university presidents DO do it, and have, as far back as the 60's. I'm not defending it, but it is common.

    When I lived in Troy, NY, the President of Russell Sage was on the Board of numerous banks, corporations, etc.

    Nice way to earn a little spare change, isn't it?


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