Wednesday, April 23, 2014

Maybe you shouldn't start a college

In 1997 Robert Gee started the National Graduate School of Quality Management, which offers master’s degrees in quality systems management. His problem was he founded it as a corporation. Thus, he had a board of directors, which showed its independence by firing Gee in 2012.

Some of the more outrageous things Gee had done:
  • gave himself a $152,175 bonus in 2009, and then created false documents to make it appear that the school’s board members held a meeting to award Gee the money for his “superior job performance.’
  • bought an ocean-view compound with four houses that included a presidential home for Gee, even though almost all of the school’s students take courses off-site in other states. Last year, the school sold those properties at a loss of at least $1.5 million.
  • spent $195,000 for four Mercedes
  • paid himself $732,891, which equaled that of the president of Tufts University, which had 5,500 students and 10,800 employees. Gee's college had 200 students.
Gee is now being sued by Massachu-setts seeking to force him to repay the school millions that he allegedly squandered. This is a civil, not a criminal, action. Had he not been a corporation would Gee have faced any charges?

Apparently, Gee doesn't care as he has formed another school, but this time it's based in Florida.

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