Share on Google Plus Share on Twitter Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 3 (4 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   1 comment

General News

Apartheid at NYU? Prof. Michael Rectenwald Is Afraid So

By (about the author)     Permalink       (Page 2 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; ; ; ; ; ; ; ; , Add Tags  (less...) Add to My Group(s)

View Ratings | Rate It Headlined to H3 6/20/13

Become a Fan
  (73 fans)
- Advertisement -

During his Senate confirmation hearings as President Obama's nominee for treasury secretary, Lew was asked by Senator Grassley (Republican, Iowa) whether he knew of the agreement and if he had approved it. Lew said that Citigroup had been chosen through a competitive process and that he did not recall having any conversations with them about its bid. He said he did not believe he had approved its selection as a preferred lender, either. Subsequently, Lew left NYU for a job at Citibank. 

This looks a lot like what happens in government, when government officials, friendly to corporate interests, end up with extremely rewarding jobs within the very corporations that they benefitted during their "service" in government. What concerns me are the ethics of this particular arrangement, one that passed off debt to students and then benefitted the executive who made the arrangements. 

Lew left NYU voluntarily, yet he received a parting gift -- I can't see it as anything else -- of some $685,000. That's more money -- paid merely for leaving a job voluntarily -- than I could make in the next ten years working at NYU and teaching thousands of its students. It also was reported that Lew was given a sweetheart loan deal on a house worth 1.5 million dollars, $440,000 of which was forgiven by the university. This was on top of making $700,000 to $800,000 per year over five years. I get so disgusted that I have a hard time reading all of this without retching.

JB: Let's pause here, Michael. When we return, you can tell us more about the faculty's activism and how you got drawn into the fray. Readers, please stay tuned! 


Part two of my interview with Michael

Michael Rectenwald, Ph.D., Global Liberal Studies, New York University.

- Advertisement -

Founder and Chair, Citizens for Legitimate Government 

( )

Professional Website:

Michael is the author of numerous essays and three books, including The Thief and Other Stories (2013)
- Advertisement -

Next Page  1  |  2

Joan Brunwasser is a co-founder of Citizens for Election Reform (CER) which since 2005 existed for the sole purpose of raising the public awareness of the critical need for election reform. Our goal: to restore fair, accurate, transparent, secure elections where votes are cast in private and counted in public. Because the problems with electronic (computerized) voting systems include a lack of (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Interview with Dr. Margaret Flowers, Arrested Tuesday at Senate Roundtable on Health Care

Renowned Stanford Psychologist Carol Dweck on "Mindset: The New Psychology of Success"

Howard Zinn on "The People Speak," the Supreme Court and Haiti

Snopes confirms danger of Straight Ticket Voting (STV)

Fed Up With Corporate Tax Dodgers? Check Out!

Literary Agent Shares Trade Secrets With New Writers


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

When you work for these schools you will find that... by Textynn N on Saturday, Jun 22, 2013 at 12:51:09 AM