The public editor gives his take on the recently mis-reported story on CIO compensation.
The premise the recent article in the Cornell Daily Sun, entitled “As Endowment Plummeted, Chief Investment Officer Received $400K Bonus” was based on misinformation about the CIO’s compensation.
H&V valiantly returns with riffs on heat, hot dogs and all other sorts of wieners.
Cornell's decision to give former CIO James Walsh a $400,000 bonus in the same fiscal year that the University's endowment fell by one-quarter was not a good sign that Day Hall is reimagining its compensation policies.
Former Chief Investment Officer James Walsh received $420,000 in “bonus and incentive compensation” in 2008, according to tax documents the University filed earlier this year.