DC probes NYU loan arrangers
Funneled millions to execs
By GEOFF EARLE in DC and JAMES COVERT in NY
Last Updated: 3:43 AM, March 16, 2013
Posted: 1:20 AM, March 16, 2013
In this Washington probe, no loan will go unturned.
Senate investigators may be done with Jack Lew, who’s already settling in to his job as treasury secretary — but now they’re training their sights on NYU, demanding the school cough up details on controversial loans and other fat compensation it gave to dozens of other top execs and faculty as well as Lew, The Post has learned.
Sen. Charles Grassley (R-Iowa) wants NYU to hand over documents for loans and other perks going back more than a decade, including terms of the cushy packages and how they were calculated.
In confirmation hearings last month, Grassley grilled Lew on the $1.4 million loan he got from NYU on top of his more than $800,000 salary in a five-year stint as a top executive that ended in 2006.