NATION : Stanford to Reduce Bill to U.S.
Stanford University President Donald Kennedy said he will remove about $500,000 from the school’s bill to the federal government for indirect research costs.
His announcement today came in the wake of disclosures that federal research funds had paid for flowers, refurbishing a grand piano and depreciation on a 72-foot yacht.
He said Stanford was implementing a plan to re-examine and strengthen its accounting system, including the hiring of outside experts to make recommendations to a special advisory panel. “We do not flinch from strict accountability for public funds,” Kennedy said. “It is entirely appropriate for Congress and the executive agencies to review the expenditures of public monies.”
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