Apr

22

Enron, the reprise

April 22, 2008 |

The gigantic Enron mess still lingers in Columbia, where the University of Missouri has been struggling with how to handle a $2 million endowed profressorship donated by the late Ken Lay.  Despite calls to return the money or donate to Enron victims, MU has hung onto the money and finally filled the job.


Comments

2 Comments so far

  1. cja on April 22, 2008 11:07 pm

    interesting dilemma. I say keep it and use it for good.

  2. ChrisM70 on April 23, 2008 12:52 pm

    From the article:
    —
    “University rules stipulate that “those appointed to endowed chairs or professorships must be newly recruited to the university and must add materially to the university’s quality.”

    But according to a Jan. 9 memo by then-interim President Gordon Lamb, exceptions to that rule are allowed “in unique cases” _ including in cases “where there has been a full and complete external search … that has failed on at least two consecutive searches.”
    —

    In other words, they couldn’t find a qualified candidate anywhere IN THE WORLD willing to take the job, so they just gave one of their own MU staff members $165,000 a year.

    Why do the right thing and help those who have had their lives destroyed by Lay when they can just give the money to an underqualified employee who already has a job at MU?
    Nice Move.

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