One of 1 Percent

Molecular biologist Suresh Subramani, appointed earlier this year as senior vice chancellor for academic affairs at UCSD, is pulling down a cool $350,000 a year, plus car allowance of $8916. Besides that, the longtime biology professor has also been picking up a little money on the side. According to Subramani’s statement of economic interests, filed with the state in March, he is a member of the scientific advisory board of GangaGen, Inc., a Bay Area–based biotechnology firm that has a research lab in Bangalore, India. He was paid between $1001 and $10,000 during 2010. The disclosure also reveals that Subramani has received between $10,001 and $100,000 of “pre-IPO shares” in GangaGen. Another UC veteran, Dr. Janakiraman Ramachandran, the company’s chairman and chief executive, has been on the faculty at UC San Francisco for 16 years, according to BioSpectrum. Subramani’s other holdings included shares in pharmacy service provider Caremark Corp.; Market Vectors Indonesia, Inc.; toolmaker Snap-on, Inc.; World Fuel Services Corp.; Caterpillar, Inc.; DDI Corp.; Lowe’s Companies; MeadWestvaco Corp.; U.S. Bancorp; Standard Motor Products; Aetna, Inc.; and GameStop Corp. His interest in each of those companies was reported to be between $10,001 and $100,000. Another reported source of income was a “royalty for antibodies” paid by Carlsbad’s Invitrogen, said to be worth between $500 and $1000.