The stench of corruption continues at LilBro

[DrH. Lecter]

http://www.courier-journal.com/stor...07/10/ramseys-pay-dwarfs-others-acc/29974859/

University of Louisville President James Ramsey last year was paid 2 ½ times more than the average of the Atlantic Coast Conference's other 14 presidents and chancellors — all of whose universities are ranked far higher academically than U of L.

Ramsey's total compensation of $1,682,176 from the university and its foundation was 53 percent higher than the total Duke University paid to its president, even though Duke's endowment is nine times as large and it is tied for eighth in U.S. News & World Report's ranking of national universities, compared with U of L, which is tied for 161st.

A survey conducted by The Courier-Journal also found that Ramsey's total pay was three times that of the average total compensation of the presidents of 10 "similar" universities — including Arkansas and Arizona — as identified by the Chronicle of Higher Education based on a formula that includes enrollment, endowment size and median SAT scores.

Ramsey also collected three times the total pay of presidents of 11 fellow schools in the Coalition of Urban and Metropolitan Universities, including Cincinnati and Memphis.

Apparently LPT to those in charge of that university simply means that Louisville is their own personal Play Toy. There is no rational explanation as to how or why Ramsey is being allowed to basically steal money from the University. And the culture of corruption that flows from the top has extended to every corner of the University. How else do you allow the corrupt Yum Center lease to happen.

Its very disturbing to see what is going on. But apparently even the local lapdog media can no longer turn a blind eye to what is going on there. And with the state FINALLY auditing their foundation....expect that this is only the tip of the iceberg.

 

[55wildcat]

That along with that Yum fiasco for sure gives them #1 in something..That whole effin place just reeks of scam....The west end cash cow...