Sunday, January 18, 2015
Final Report Issued on $5.4 Million Forgivable Loan Program for University of Texas Law Profs
Austin American-Statesman, AG’s Office Wraps Up Investigation of Forgivable Loans at UT Law School:
Supplemental compensation from a foundation to University of Texas law professors lacked transparency and violated accountability standards and university rules, whether intentionally or as the product of negligence, according to a much-delayed report by the state attorney general’s office. ...
The report said there is no question that forgivable loans, second mortgages and housing allowances from the UT Law School Foundation helped place the school in a competitive position when it comes to recruiting and retaining faculty members.
“The failure to provide the UT System and Regents the full picture of compensation is subject to one of many narratives depending upon the source,” the report said. “Whether this failure was intentional or simply negligence, the Law School’s failure to follow University rules is also without question.”
The documents list forgivable loans to law faculty totaling $5.4 million:
- Larry Sager: $500,000
- Ronen Avraham: $420,000
- Matt Spitzer: $350,000
- Robert Bone: $300,000
- Robert Chesney: $300,000
- Derek Jinks: $300,000
- Dan Rodriguez: $300,000
- Abraham Wickelgren: $300,000
- David Adelman: $250,000
- Oren Bracha: $250,000
- Justin Driver: $250,000
- Linda Mullenix: $250,000
- Jane Stapleton: $250,000
- Gerald Torres: $250,000
- Mitch Berman: $200,000
- Bernie Black: $200,000
- Ernie Young: $200,000
- Stephanie Lindquist: $150,000
- Bill Sage: $150,000
- Jens Dammann: $100,000
- James Spindler: $100,000
See also Texas Tribune, Attorney General's Review of UT Law School Released
Prior TaxProf Blog coverage:
- University of Texas Law School Dean Resigns Immediately in Wake of Faculty Division Over Compensation (Dec. 9, 2011)
- University of Texas Chancellor Orders Review of Use of Foundation Funds to Pay 19 Law Faculty Over $300,000 (Dec. 12, 2011)
- Leiter on the Turmoil at the University of Texas School of Law (Dec.13, 2011)
- More on the Turmoil at the University of Texas School of Law (Dec. 16, 2011)
- Dean Sager's $4.65 Million in Forgivable Loans to Law Profs 'Ripped Apart' Texas Faculty (Feb. 21, 2012)
- National Jurist: Dean Sager's $4.65 Million in Forgivable Loans to Law Profs 'Ripped Apart' Texas Faculty (Nov. 12, 2012)
- Report Blasts $4.65 Million in Forgivable Loans to Texas Law Profs (Nov. 14, 2012)
- Board of Regents to Investigate $5.5 Million in Forgivable Loans to University of Texas Law Profs (Mar. 21, 2013)
- Former Texas Law School Dean Threatens Lawsuit Against Member of Board of Regents (June 26, 2013)
https://taxprof.typepad.com/taxprof_blog/2015/01/final-report-issued.html
