Friday, March 4, 2016

We are about to test an old saying - Part 4

As a Sacramento assemblyman called for her to resign Friday, UC Davis Chancellor Linda P.B. Katehi apologized for accepting questionable corporate board positions and pledged to give $200,000 in textbook company stock to a scholarship fund for UC Davis students.
Katehi, 62, was initially under fire this week for taking a board position last month with DeVry Education Group, a for-profit company under federal scrutiny for allegedly exaggerating job placement and income statistics. She resigned that post Tuesday.
She faced additional criticism Thursday after The Sacramento Bee reported that Katehi received a total of $420,000 in income and stock across the 2012-2014 fiscal years as a board member for John Wiley & Sons, a publisher of textbooks, college materials and scholarly journals. Her tenure came as students and state leaders sought to reduce the cost of textbooks and encouraged public colleges to use free, digital alternatives.
“I take my responsibilities as Chancellor of UC Davis, and to the entire University of California, very seriously and sincerely regret having accepted service on boards that create appearances of conflict with my deep commitment to serve UC Davis and its students,” Katehi said in a statement released late Friday. “I have resigned from the DeVry board and intend to donate all the stock proceeds I made from serving on the John Wiley and Sons board to a scholarship fund for UC Davis students. I look forward to continuing to serve the UC community.”
Katehi’s stock is worth $200,000, according to UC Davis spokeswoman Dana Topousis.
Assemblyman Kevin McCarty, D-Sacramento, previously asked Katehi to resign from the DeVry seat. But he said news of her Wiley board position, on top of the DeVry situation, prompted him Friday to seek her resignation as chancellor...

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