PolitickerNJ Wire Feed

By RMcgrath | July 23rd, 2013 - 12:28pm
| More

 

 

To: The Rutgers University Board of Governors:

In the wake of the disclosure of President Robert Barchi’s lucrative outside positions with two companies that have contracts with Rutgers University the questions and concerns about the two-way financial arrangement have multiplied. The explanations and the seemingly-apathetic attitude by many in positions of authority have been both inadequate and troubling. What is an obvious conflict of interest to most has been excused and accepted far too casually by the Rutgers Board of Governors and by Governor Christie. And the belated memo to top Rutgers officials from Mr. Barchi appears to be more of an exercise in damage control that does little to remove the conflict of interest.

I believe, however, that there are many unanswered questions that the Board should be concerned about. After all, Mr. Barchi earned more than $300,000 last year alone from VWR International and Covance Inc and holds an additional $2.5 million in Covance stock. This is on top of the Rutgers salary of $747,000 with bonuses, as well as a house and a car.

The questions that should have been asked by the Board and the concerns that should be taken into consideration include:

• Did the Board take into consideration the inherent conflict of interest of having the President receive such lucrative pay from two companies that are doing millions of dollars of business with the University?

• Was the Board aware of the fact that university presidents that serve on outside boards are rarely compensated so generously?

• Does the Board know if other university presidents serve on boards of companies that do business with their schools?

• Does Mr. Barchi have any prescribed responsibilities to these two outside firms? If so, does the Board know what they are?

• Despite Mr. Barchi’s recent claim that he will perform his outside work on his own time he will be paid a salary that will demand more than a few part-time hours - how will he divide his time with the outside boards at a time when the school’s reorganization will require the President’s full attention?

• What steps will the University take to prevent school employees from treating Mr. Barchi’s outside employers with favoritism?

• What steps is the Board taking to prevent conflicts with the medical school that will now be part of the University and the pharmaceutical research and lab supply work of the outside firms?

• How will the Board be able to discern when the decisions made by President Barchi are in the best interests of his other employers or the University and its students?

 

I believe that the Board should not have allowed Mr. Barchi to engage in these outside jobs when he was hired because they present an obvious conflict of interest and I continue to believe that he should resign from the boards. With the succession of controversies that have erupted at Rutgers during Mr. Barchi’s new tenure and the important challenge of guiding Rutgers to the next level as a world-class university, neither the school nor its President can afford any ethical shortfalls. A full accounting of the circumstances in this case is important.

Loretta Weinberg

 

Senator, District 37

Contact Info: 

Press Office 609 847 3700

The Back Room

Sources: Why Fox?

With the support of Gov. Chris Christie, Jamie Fox is on the fast track to get back to the Department of Transportation (DOT). The question is why?

Read More >

Wake-Up Call

Morning Digest: September 18th

Guv prospects Fulop and Sweeney add voices to Silva, Stack and striking 1199 SEIU workers UNION CITY – They tried out their blue collar tough guy tonsils today in front of a purple-shirted crowd of striking healthcare workers – two of three as-yet-undeclared Democratic candidates for governor: Jersey City...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

(9-17-14) Viral Video Prompts Questionable NJ Municipal Ordinance -  Socrates said, “While I might disagree with what you say, I will defend to the death your right to say... more »
The Correct Foreign Policy – Neither Fortress America Nor Pax Americana      Last week marked the 75th anniversary of the beginning of World War 2.  It started with the... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

“We’re going to hold the line until hell freezes over, and when hell freezes over, we’re going to hold the line on ice skates." - Assemblyman Raj Mukherji (D-31), at yesterday's SEIU 1199 rally.

- PolitickerNJ

Poll

Who would make the best running mate for Chris Christie if he lands the GOP nomination for president?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources