CSU Faculty Voice: Correction: We Actually Owe Mr. Crowley $3,841,166.90. Sort of Like the National Debt, the Number Just Keeps Climbing.

Saturday, September 27, 2014

Correction: We Actually Owe Mr. Crowley $3,841,166.90. Sort of Like the National Debt, the Number Just Keeps Climbing.

In the interests of accuracy, I've done some additional research and found that my figures were too low. The interest on the damages and back pay is 9 percent and it began on March 11. Thus, the total interest so far is at least $147,303.80. That brings the current price tag to $3,841,166.90. I'm betting this is going to cost the university in excess of $5 million. What do you think?

1 comment:

Phillip BeverlySep 29, 2014, 9:47:00 PM
Holy rising damages Batman!!! Is it possible that this appeal is only a tactic to buy time so Baldy can go to the legislature and beg for money since insurance doesn't pay for misconduct? Just a thought.
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Thanks to Haki Madhabuti

"1. He/she must be a scholar of national note, with significant peer review publications and books in his or her field. There must be no doubt as to his/her standing in the community of scholars. This would also include a history of the candidate’s participation in the appropriate professional organizations.

2. He/she must have served with distinction as the administrative head of a major unit within an institution of higher learning or at the important position of Provost and/or Dean. Of course, prior service at the presidential level is preferred.

3. He/she must have a documented history of raising significant monies from the private and public sectors. At most major and research one universities it is not unusual to expect the president to come with a plan to raise in excess of half a billion dollars or more in the first few years.

4. The prospective president must have a consensus buy-in from the faculty, students, administration and staff, therefore, arriving with a unity mandate to lead by joining a University community that has bought into his or her vision for the future."

From an open letter to the CSU Community, 2009.