The University Record, September 24, 1996

Regents will `examine circumstances, policy'

The following statement was issued by Regent Deane Baker at last Friday's Regents' meeting in response to an Ann Arbor News article on special employment agreements with a number of executive officers made earlier this year by then-President James J. Duderstadt.

"The Regents have reacted with concern to the various newspaper articles concerning executive officer compensation agreements made by former President Duderstadt before he left office.

"The Regents, working with Interim President Neal and others, will examine these circumstances, as well as the University's overall policy with regard to executive officer compensation."