This week brought terrific news from Owsley Brown Frazier in the form a $25 million gift to the University of Louisville. This should in no way overshadow that.
However… you’ve gotta hear the gossip rolling from some very powerful folks.
After the news crews rushed back to their stations to file the story about Owsley’s gift? That’s when the University of Louisville Foundation Board kicked into high gear.
Guess what they’re trying to keep under wraps until after the hospital merger gets approved?
They voted to give Jim Ramsey a 25% pay raise and another $500,000 in deferred compensation for every two years of service at the University. Guess we know where Owsley’s money is going instead of academics and research.
We’re sorry to upset all the back room dealers but this is just obscene. This serves as yet another example of the great lengths to which some will go to bilk well-intentioned donors at UofL. It’s not the Robert Felners of the world that we need to be worried about.