A former Nova Scotia university president who’s been paid hundreds of thousands of dollars since retiring isn’t in an unusual position. Canadian Association of University Teachers says secrecy, corporate mindset behind generous deals. Read the CBC News article.
“In the past 40 years, BOGs have been stacked with members of the corporate elite. As Canadian universities have been defunded by governments and have had to rely on alternative sources, captains of industry have used their alleged financial ability and multiple corporate directorships as leverage. BOGs at so-called elite universities like McGill, Toronto, and Queen’s have included directors from Teleglobe, TD Bank, Molson, Noranda, and Bombardier. BOGs at universities in different regions of Canada, like Calgary, Laval, and Dalhousie have included directors from RBC, Scotia Bank, TD Bank, Coca-Cola, and Bank of Canada. All universities are now drawn into the same net as decision-making power is vested in corporate representatives.” ‘We must compete’: Corporate elite leveraging public universities into private profit by Alexander Ervin and Howard Woodhouse on Rabble.