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Last of the red hat ladies
Marye Anne Fox
Ex-UCSD chancellor Marye Anne Fox has resigned from the board of directors of Red Hat, Inc., an open-source software outfit based in Raleigh, North Carolina. A member of Red Hat’s compensation committee and nominating and corporate governance committee, she has been a director since 2002. “Fox has indicated that she intends to spend additional time with her family,” a company news release said last month.
According to data from Forbes, in 2013 Fox pulled down total compensation, including stock, of $265,080 as a boardmember. Other of Fox’s board gigs include W.R. Grace & Company, where she got $180,035 and San Diego’s own Bridgepoint Education, the controversial private school provider, with $132,032.
UCSD’s San Diego Supercomputer Center is seeking an “External Relations Director,” says a recent help-wanted notice. No salary is listed.
Jim Ambroso of city trash contractor Republic Services raised a cool $2110 for the successful city council campaign of former lobbyist Chris Cate at an October 17 “coffee event,” according to the company’s latest lobbying report.
Here's something you might be interested in.
Last of the red hat ladies
Last of the red hat ladies
Marye Anne Fox
Ex-UCSD chancellor Marye Anne Fox has resigned from the board of directors of Red Hat, Inc., an open-source software outfit based in Raleigh, North Carolina. A member of Red Hat’s compensation committee and nominating and corporate governance committee, she has been a director since 2002. “Fox has indicated that she intends to spend additional time with her family,” a company news release said last month.
According to data from Forbes, in 2013 Fox pulled down total compensation, including stock, of $265,080 as a boardmember. Other of Fox’s board gigs include W.R. Grace & Company, where she got $180,035 and San Diego’s own Bridgepoint Education, the controversial private school provider, with $132,032.
UCSD’s San Diego Supercomputer Center is seeking an “External Relations Director,” says a recent help-wanted notice. No salary is listed.
Jim Ambroso of city trash contractor Republic Services raised a cool $2110 for the successful city council campaign of former lobbyist Chris Cate at an October 17 “coffee event,” according to the company’s latest lobbying report.
Comments
Fox was serving on quite a number of boards of directors while she was also the chancellor of UCSD. Many questioned her ability to meet the demands of her "day job" on campus while she was heading off to many meetings in far-off cities. Can we say "avarice" boys and girls?
There are very few university leaders that have any experience in business. Yet that is exactly what a university is. UCSD has a different mission than does Apple but none-the-less has a budget, a payroll, and there is a constant weighing of demands for funding. Academia selects university presidents (chancellors) from the ranks of faculty most of whom have no training or experience in running a day-to-day business. Indeed, the very nature of a not-for-profit university is that there is no bottom line. As a result, universities tend to over spend, resulting in the huge increase in university budgets over time. Fox learned how to manage a very large operation from service on corporate boards. In her eight years as chancellor of UCSD, all of her time on corporate boards came from vacation time. Enough said, Ladies and Gentlemen?
So, jkw, would you care to comment on her performance as chancellor? I don't recall any accolades to speak of, nor any awards. Actually, she seemed to slip away in the night. No, enough hasn't been said, and you need to say more, much more before we let the matter drop.
I worked with Fox for several years and she is a brilliant selfless leader. Leaders who work to earn "accolades and awards" are not typically very effective leaders. The lack of accolades and awards speaks volumes about her quiet competence.
She was honored with the Clark Kerr award for for Distinguished Leadership in Higher Education (as well as the National Medal of Science for her research contributions). She is the first at UCSD to receive these awards.
The gross proceeds of a stock sale are just that. To know how much she gained you must know the cost basis.
"Spend more time with family" is also used when there are health related issues. It is well know that Fox has Parkinson's disease. Apology accepted IF it is forthcoming.
And, she has 11 grandchildren that she wants to get to know before they no longer care about grandma.
Utah's WKRB News reported that Fox sold 8,000 shares in late January for $530,000. It says she still "owns 33,126 shares in the company, valued at approximately $2,194,928.76." So why did she resign (or was she fired?). The "spend more time with the family" statement is obvious BS put out by PR people. It's bogus.
It might be worth noting that both "jkw" and "Machinecollector" joined the commenter ranks today, February 5. Everyone who participates in this forum has to start at some time, but don't you find in interesting that both of them just joined today? I do. And I wonder if Machinecollector missed a couple letters when he/she talked about the "quiet (in)competence of Fox." That's closer to the mark. Heh, heh.
I have to concur with dwbat when he mentions that cliche of all time, "spend more time with [my] family" as a reason for resigning in disgrace/under pressure/pending prosecution.
I thought the Red Hat Ladies were a charitable group?
From their website: "The Red Hat Society has become the international society dedicated to reshaping the way women are viewed in today's culture."