Besieged on all sides, the University of California decided today to suspend its new logo, a weird wormlike blue and gold graphic.

"The controversy has been fueled in large part by an unfortunate and false narrative, which framed the matter as an either-or choice between a venerated UC seal and a newly designed monogram," Daniel M. Dooley, senior vice president for external relations at the UC Office of the President, said in a statement issued this morning.

"In fact, the graphic element in question was never intended to replace the official seal that still graces diplomas and other appropriate documents."

Closer to home, after months of investigative reporting by the Las Vegas Review-Journal, UCSD's health system finally admitted that its $18 million investment in the Nevada Cancer Institute was a bust.

Meanwhile, a recently filed disclosure statement provides an inside peek at the sizable outside income and the nature of the personal assets of new UCSD chancellor Pradeep Khosla, who has been given a total of $522,771, including a one-time relocation payment of $102,771, in annual compensation, according to a document made public by the university after his appointment by UC Regents.

Khosla, formerly dean of Carnegie Mellon University’s College of Engineering in Pittsburgh, was already a wealthy man when he arrived here earlier this year, according to a personal financial disclosure statement filed September 4.

Among the investments revealed is a major holding in Baidu, the Chinese Internet search giant worth between $100,000 and $1 million. Baidu has been accused of aiding the Chinese government by blocking pro-democracy speech on its search engine, as reported last year by the Wall Street Journal:

The plaintiffs, described in the lawsuit as supporters of the pro-democracy movement in China, allege that their articles or videos about the Chinese democratic movement are unavailable through searches on Baidu.

The complaint calls the company an "agent and enforcer of the anti-democracy policies" of China. The censorship violates the plaintiffs' rights under the U.S. Constitution, the New York state constitution and New York law, the suit says.

Baidu "proactively censors its content here in the United States in cooperation with and according to the policies and regulations" of China, said the complaint, filed with the U.S. District Court in the Southern District of New York. It seeks damages of $16 million, or $2 million for each plaintiff.

This October, attorneys for Baidu filed papers in a New York court seeking to throw the case out, asserting that the complaint wasn't properly served on the Beijing giant.

Khosla also reported owning between $100,000 and $1 million of stock in closely held Quantapoint, Inc.

A "leading provider of digital reality capture technology and services," according to its website, Quantapoint grew out of Khosla's role as a robotics professor at Carnegie Mellon.

He has been on the board of directors, according to the site, though the position is not listed on Khosla's September disclosure statement. The document does show that Khosla got a loan of between $10,000 and $100,000 from Quantapoint in order "to pay taxes on the received stock grant."

Khosla has also served as a member of the board of "HCL Insys Pvt. Ltd," according to the disclosure document. He received "approximately" $18,000 worth of business class travel from Pittsburgh to Indira Gandhi International Airport in New Delhi, India, along with board fees.

HCL Insys Private is a subsidiary of HCL, one of India's biggest high technology companies.