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Monday, March 27, 2006

Getting his Ass
Out of There
Pronto

LA Times:

USC President Steven B. Sample has resigned his relatively new seat on the board of the J. Paul Getty Trust, citing conflicting duties.

In a three-sentence resignation letter dated Feb. 28, Sample said his responsibilities to USC "make it impossible for me to continue" as a Getty trustee. His resignation was effective immediately, and he declined to comment Tuesday.

Sample joined the Getty board in September 2004. Trustees typically serve four-year terms. A series of controversies in recent months — including a continuing probe by the state attorney general and the resignation of the trust's President Barry Munitz on Feb. 10 — have made being a Getty trustee a thornier job.

Since Munitz's departure, veteran Getty administrator Deborah Marrow has served as interim president.

Getty spokesman Ron Hartwig said the trust's board "will be having discussions" about the search for a new president at its next meeting in May, "but they've not yet begun that process."




**********

Morning Edition has background and an update, available a little later today, here. It’s basically another Benjamin Ladner story -- wild, wild looting of a non-profit’s money because of a board of trustees full of corporate types who wouldn’t see the behavior as a problem even if they were looking -- only this story involves much, much more money than the American University one.

And why does UD care? Because the Getty is an important research institution on which professors and universities depend.
Posted at: 3/27/2006 07:18:00 AM