Apartheid at NYU
June 18, 2013 by legitgov
by Michael Rectenwald, Ph.D.

Recent reports by The New York Times have disclosed details about the extravagant salaries, loans, loan forgiveness packages, parting gifts and other perks and benefits paid to top administrators and ‘star’ faculty in the law and medical schools at NYU. These revelations, among many other issues, have resulted in the posting of no-confidence votes in President John Sexton by four of NYU’s schools. The New York Times added fuel to the fire today when it reported that such lavish compensation packages extend to loans and loan forgiveness packages for vacation homes in the Hamptons and elsewhere.

Judging by the comments at the end of these stories, readers of The New York Times are generally outraged. And given the high cost of education in general, the public is rightly disgusted. These administrators and star faculty, with the approval of the Board of Trustees, are effectively looting NYU for their own enrichment.

NYU students, parents and alumni should be especially sickened at these revelations. The cost of an NYU education is roughly $60,000 per year. NYU graduates are among the top student loan debtors in the nation, and thus, the world. Given its relatively paltry endowment, NYU cannot boast of generous student aid packages. These hundreds of millions of dollars could have gone to support financial aid packages for needy students, while supporting educational objectives, the likes of which the university is supposed to perform. Instead, the university has become a shell for a particular class, top administrators and their beneficiaries, the management class and a small bought-off faculty constituency.

Read more.



Post comment

Forbidden Bookshelf

Forbidden Bookshelf




“While We Were Sleeping”

While We Were Sleeping is an urgent call to save Greenwich Village from New York University's uncontrolled expansion.

Click here to donate to NYUFASP and receive a copy of "While We Were Sleeping: NYU and the Destruction of New York" (minimum donation to receive a book is $10 plus $8 shipping).

Orwell Rolls In His Grave, featuring MCM – Buy the DVD



About News From Underground

News From Underground is a daily e-news service run by Mark Crispin Miller, a Professor of Culture and Communication at NYU. It is based on his belief that academics, like reporters, have a civic obligation to help keep the people well-informed, so that American democracy might finally work.

If you'd like to receive updates delivered to your inbox daily, sign up for News From Underground Alerts:

Help News From Underground!





Message from Mark: "I am a one-man operation, although assisted greatly by some volunteers, and, now and then, by people paid by others for one-time projects. There is no shortage of skilled, dedicated folks out there who want to help me. There is, however, nothing I can pay them with, unless you decide you can contribute something."

Please donate via the PayPal button above or via PayPal by email to: markcrispinmiller@gmail.com

Recent Posts

Recent Comments

Popular Posts

Blogroll

Need a bigger font size?




Sponsored Links



  • Your link could be here too, contact us for pricing details.