More lessons from across the Hudson:

Rutgers has been caught up in a fiscal scandal that found the university spending hundreds of millions on a football team while academic programs suffered.  The New York Times pegs the slipup on a failure of oversight and transparency, a problem NYU folks might be familiar with, even if we don’t have super-strong athletic program to sink money in to.  Instead, we have other oversight failures of uniquely NYU projects, like the advertising in concrete that is NYU’s adventures abroad, the overzealous construction closer to home, and the continued exorbitant pay for NYU execs.

The only reason the problems at Rutgers saw the light of day is the requirement that public schools disclose their budgets.  This incident provides just one more reason NYU should come clean and disclose the budget, endowment and allow a student on the Board of Trustees

Tags: disclosure, NYU, Rutgers, Scandal