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February 10, 2006
End of the line for the talented Mr. Munitz
Following on earlier posts here, here and here addressed the mercurial career and current troubles of former University of Houston president and current Getty Trust president Barry J. Munitz, this NY Times article (LA Times article here) reports that Munitz resigned under pressure yesterday amid growing questions about his personal use of the trust's money and resources.
As a part of his resignation deal with the trust, Munitz will not receive a severance package and he will be required to repay the trust $250,000, which is a ballpark estimate of the amount that the trust believes that Munitz improperly charged charged the trust for personal expenses during his eight-year tenure. However, Munitz's resignation has no direct impact on the California attorney general's investigation, which apparently is focusing on several instances in which Mr. Munitz used the trust's money without proper authorization on pet projects that had nothing to do with the trust's mission.
No word on whether Munitz will keep the lease on the Porsche Cayenne.
Posted by Tom at February 10, 2006 5:20 AM
Comments
This has a familiar local ring to it. Priscilla Slade had better hope that the Board of Regents of TSU do not exact the same fate upon her. From what I understand of the situation, she is on very shaky ground and could be asked to step down (inspite of her many legitimate accomplishments).
Posted by: Keith at February 10, 2006 9:39 AM
Sounds like the sort of thing that is happening over at TSU, anybody willing to wager that TSU's prez skates on her shenanigans?
Posted by: Rorschach at February 11, 2006 12:00 AM
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