Faculty ask NY Attorney General to investigate NYU’s finances

Lew in NYU $ brew
AG probe sought
By JAMES COVERT AND GEOFF EARLE
Posted: 11:42 PM, March 14, 2013

EXCLUSIVE

US Treasury Secretary Jack Lew is facing fresh heat over a $685,000 golden parachute that NYU gave him in 2006.

Outraged by stagnant professor salaries and skimpy student financial aid, a faculty group filed a formal request yesterday with New York Attorney General Eric Schneiderman, asking him to probe Lew’s lavish exit package of seven years ago.

“There is certainly an appearance that top administrators have turned NYU into a kind of ATM machine,” said sociology professor Jeff Goodwin.

When Lew left NYU in 2006, the balance on the loan remained at $673,000, according to tax records. Forgiveness of the debt — a rare circumstance at NYU — accounted for a major chunk of Lew’s exit package.

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