Peter Byrne's blog

UC regents Schwarzenegger and Wachter – are they making a profit from university investments?

[photos/video by Monica Jensen, multimedia editor, SF Public Press]Picture 1

This is an update on the progress of the Spot.us-sponsored investigation into possible conflicts of interest among the regents of the University of California. Please consider donating to this crowd-funded reporting project. On January 8, the regents held their bimonthly meeting at the Mission Bay campus in San Francisco. The building bristled with armed guards—both uniformed and in plain clothes.

The regents, many of whom are multimillionaire financiers (view the regent’s form 700s online), appeared worried that students and workers might engage in acts of civil disobedience because the governing board had recently raised tuition by 30 percent, while continuing to spend hundreds of millions of dollars on such non-educational projects as a sports stadium retrofit.

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