Ohio House Speaker Cliff Rosenberger a year ago warned legislators to exercise caution in dealing with Wright State
Ohio pension systems are required to be able to pay off their unfunded liabilities within a 30-year window.
The leadership changes come as the school is dealing with a financial crisis that requires the administration to cut $25 million from next year’s budget to balance the books.
WSU Trustee Doug Fecher said WSRI suffered from a culture that coveted winning research contracts at any cost and lacked controls and transparency. Only a handful of people knew the full scope of WSRI operations and trustees weren’t in the loop until they were briefed on the Plante Moran audit in 2015.
Wright State’s interim president Curtis McCray and several other top officials said that “budget heads” should be punished for spending more than they’re supposed to.
A Dayton Daily News examination of financial data from the university found that it was losing millions of dollars a year even while pitching rosy forecasts to board members.
Chris Schoonmaker, whose son is on the team, says cutting golf is like throwing a deck chair off the Queen Mary
The Dayton Daily News has released portions of the transcript of President David Hopkins testimony in the civil lawsuit filed by Ryan Fendley, who was fired in 2015. Fendley was an assistant to Provost Narayanan.
Former WSU provost Sundaram Narayanan and researcher Phani Kidambi have continued to receive annual raises though they are prohibited from working.
Since retiree giving has been traced starting in 2001, retirees have donated more than a million dollars to various special programs and scholarships