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Monday, February 26, 2007
There's Something Special in the Air... ... It's L'Air du Ladner! 'American University announced Friday that the Internal Revenue Service has started an investigation into the institution for tax years 2004-6. A statement from the university said that it would cooperate with the IRS and that the development was “anticipated in light of the prior issues related to executive compensation matters.” That’s a polite way of referencing the 2005 ouster of former Benjamin Ladner as president — amid investigations into his expenses, including a personal chef, vacations in Europe, and an engagement party for his son. While no details are available on what the IRS is looking for, questions have been raised about both the payments and reimbursements Ladner received and his exit package.' Scott Jaschik reports, in Inside Higher Ed. Athough the head of the Smithsonian institutions is trying manfully, no one does executive overcompensation like Ben Ladner. Here's hoping the IRS investigation puts him back on the front page where he belongs. |