California: CSU fund management questioned

by E Wayne Ross on July 13, 2009

Times-Herald: CSU fund management questioned

Concerned that California State University foundations may be mismanaged, a state faculty union has urged Attorney General Jerry Brown to launch an investigation.

“The 23,000 members of the California Faculty Association have serious concerns about whether or not the CSU’s various foundations are conforming to proper fiduciary responsibility under state and federal law,” union president Lillian Taiz wrote in a letter this week to Brown.