BoT Buys Baruch Prez a House
Kathleen Waldron, President of Baruch College, will now also receive on top of her salary and benefits the use of a new house to be purchased by the University.
According to the April, 2006 minutes from the CUNY Board of Trustees, the new residence will be a “condominium apartment on 27th St., between 5th and Madison Avenues, in Manhattan, at a cost of no more than $2,500,000.”
The purchase is to be covered “by the proceeds of the sale of cooperative apartment 4A at 145 Central Park West, which has been used as a residence for the President of” the GC, the minutes say.
Ms. Waldron has been highly successful at bringing money to Baruch. The Board seems to be returning the favor.
However, it is strange that they would do so with income generated by the sale of the GC presidential residence.
More disturbing perhaps is, not the fact that Bill Kelley will no longer have the option of a CPW address (apparently it was sold as soon as Frances Horowitz left the GC), but that the money generated by the sale of that house should go to Baruch and not the GC.
And why exactly is the Board of Trustees offering housing to already well paid college presidents? Wouldn’t that 2.5 million be better used to increase the number of full time tenure track faculty lines at the university, or something that would similarly actually benefit the students of the university?
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