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Wall Street Journal Questions Vandy's Spending

POSTED: 5:26 pm CDT July 31, 2006
UPDATED: 11:51 am CDT August 2, 2006

What's all of this I'm hearing about Vanderbilt University?

It has nothing to do with football, basketball or baseball.

The Wall Street Journal has had a reporter in Nashville researching a story about the university and it's Chancellor Gordon Gee.

From what I'm hearing from different sources, Vanderbilt officials are not going to like it.

It's a story about money, big money and how Vanderbilt and other universities spend it.

One question the female reporter for the national business newspaper wanted to know was the salary of the Chancellor, one of the top two or three in the country.

School officials did not supply the information.

It didn't have to since Vanderbilt is a private university.

But, it's available on the school's tax returns.

Last week, the 58 members and emeritus members of Vanderbilt's Board of Trust received a letter from Board Chairman Martha Ingram.

The letter told them or warned them of the impending Wall Street Journal story.

Vanderbilt raises millions and millions of dollars every year.

It is the spending that raised the interest of the Journal.

In addition to the hefty salaries of the Chancellor and others, I'm told, the reporter also checked out a number of other interesting items, including the millions spent on renovating Gee's large, Vanderbilt-owned home in Belle Meade, “They spend money like water," I was told.

Since the renovation six yeas ago, some 20,000 people have visited the home.

There is no immediate word on when the Journal plans to publish its story.

A big question is who is the snitch?

Who went to the Wall Street Journal with all the inside information?

Was it someone in the university's present administration, or someone who has resigned, retired or been fired?

Just like Vanderbilt, the Journal has the same privilege of keeping its information and informants secret.


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