Brooklyn Law Prof MAF, IR8

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timbs4339
Posts: 2733
Joined: Sat Apr 02, 2011 12:19 pm

Brooklyn Law Prof MAF, IR8

Postby timbs4339 » Mon May 13, 2013 11:02 am

http://taxprof.typepad.com/taxprof_blog ... oklyn.html

From a complaint to the ABA:

The salaries for executive positions have increased every year without any justification based on performance. Examples of self-dealing have involved appointment of Board members to the salaried teaching staff, free use of luxury apartments to Board members, the payment of exorbitant salaries to administrative officers and selected faculty, salary determinations based on friendship and loyalty rather than merit, and lack of transparency about financial matters of the law school and its faculty. ...

The supra competitive levels of executive compensation along with the salaries paid to the top five professors at the law school, as reported in recent IRS 990 filings, rival and exceed the compensation levels of tenured professors of law at Harvard or Yale. In times of acute crisis in legal education, compensation levels at Brooklyn Law School for a small handful of professors and administrators represent a level of mismanagement, waste, and self-dealing that violates Standards 201, 204, 206 and 404.

Discussion: The total value of the salary and benefits provided to the president of the law school—which include a tax-free furnished apartment complete with designer kitchen and skyline views of Manhattan, a car, and a driver—exceed a million dollars. This is the highest compensation paid to any law school dean or administrator in the United States. The salary and benefits lavished on the administrators of the law school impose a drain on the resources of the institution that detract from the educational mission of the law school, increase tuition costs of students, and add to the financial burden of law school graduates. The health and continued survival of the institution to which I have dedicated my career is threatened by waste, mismanagement and potential self-dealing creating serious violation of Standards 201, 204, 206 and 404.

rad lulz
Posts: 9844
Joined: Sun Feb 19, 2012 10:53 pm

Re: Brooklyn Law Prof MAF, IR8

Postby rad lulz » Mon May 13, 2013 11:11 am

Now I am also MAF, ir8

timbs4339
Posts: 2733
Joined: Sat Apr 02, 2011 12:19 pm

Re: Brooklyn Law Prof MAF, IR8

Postby timbs4339 » Mon May 13, 2013 11:31 am

The idea of a tenured law prof calling out a dean for extravagance and running up costs for students screams hypocrisy. He seems IR8AF that the dean is better at bilking students than he is. Still, university admins, law school deans, and tenured profs at each others throats to maintain their piece of a shrinking pie is probably going to be the catalyst for the law school closures everyone wants to see so badly.

schweitziro
Posts: 49
Joined: Sun Jun 24, 2012 5:04 pm

Re: Brooklyn Law Prof MAF, IR8

Postby schweitziro » Mon May 13, 2013 11:56 am

Simply, Fuck Boomers.

timbs4339
Posts: 2733
Joined: Sat Apr 02, 2011 12:19 pm

Re: Brooklyn Law Prof MAF, IR8

Postby timbs4339 » Tue May 14, 2013 3:10 pm

Elie also MAF

http://abovethelaw.com/2013/05/the-more ... ing-a-fit/

Also BLS's Form 990: https://bulk.resource.org/irs.gov/eo/20 ... 201106.pdf

So what's the rationale for treating these as tax-exempt non-profits again?




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