[Marxism] Yale economist fired for normal behavior

[Louis Proyect <lnp3@xxxxxxxxx>]

(Sounds to me like he was putting bourgeois economics into practice.)

CNN.com
Yale economist resigns over financial misconduct
Tuesday, January 11, 2005 Posted: 9:43 AM EST (1443 GMT)

STAMFORD, Connecticut (AP) -- A renowned economist who headed an academic
think tank at Yale University is resigning because of financial misconduct,
a school spokesman said Monday.

Florencio Lopez-de-Silanes, a tenured finance and economics professor,
issued a statement acknowledging "an error," but neither he nor Yale
provided details.

The Wall Street Journal, citing anonymous sources familiar with the matter,
reported Monday that Lopez-de-Silanes allegedly double-billed Yale for
about $150,000 in travel expenses since 2001.

The World Bank, for whom he worked as a consultant, is conducting a
separate inquiry into contracts awarded to the 38-year-old
Lopez-de-Silanes, said Damian Milverton, a spokesman for the financial
institution.

Lopez-de-Silanes, who was born in Mexico, had run Yale's International
Institute for Corporate Governance since it was created within the business
school in July 2001.

"I made a mistake and I deeply regret any unintended harm," he said. "I
have taken appropriate corrective steps with all affected parties and I can
offer no excuse except the intensity of my focus on my work."

Yale spokesman Tom Conroy said Lopez-de-Silanes will resign June 30. He
would not say anything beyond that the resignation was "a result of
financial misconduct and irregularities."

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