The St. Pete Times not only ran the story today about the Koch Foundation buying veto power over the hiring of professors with a donation, but they addressed it editorially as well.
Koch Gift Too Costly for Florida State
Florida State University’s economics department needs to reconsider its relationship with billionaire Charles G. Koch, who pledged $1.5 million to the school as long as professors hired with the money hew to Koch’s Libertarian philosophy. The arrangement reeks of pandering and undermines academic freedom, the cornerstone of American higher education.
FSU of course agreed to this nonsense – and they did it for a very small endowment of $1.5 million, movie money for the Kochs. Bad decision and FSU should return the money, but of course they won’t.
I'm Charles Koch and I'd lke to buy me some teachers.
The St. Petersburg Times tells me this morning that billionaire libertarian Charles Koch dangles needed money in front of college deans and gets his way. He gets veto power over professors for the program he’s funding.
A conservative billionaire who opposes government meddling in business has bought a rare commodity: the right to interfere in faculty hiring at a publicly funded university. . .
In return [for his donation], his representatives get to screen and sign off on any hires for a new program promoting “political economy and free enterprise.”
Traditionally, university donors have little official input into choosing the person who fills a chair they’ve funded. The power of university faculty and officials to choose professors without outside interference is considered a hallmark of academic freedom. . . .
Most universities, including the University of Florida, have policies that strictly limit donors’ influence over the use of their gifts. Yale University once returned $20 million when the donor demanded veto power over appointments, saying such control was “unheard of.”
Jennifer Washburn, who has reviewed dozens of contracts between universities and donors, called the Koch agreement with FSU “truly shocking.”
Said Washburn, author of University Inc., a book on industry’s ties to academia: “This is an egregious example of a public university being willing to sell itself for next to nothing.”
A pubic university, largely taxpayer funded has let a libertarian buy influence on their curriculum. That’s the way the oligarchs do it in Russia.