Judge orders U of M to comply with Freep FOIA
A judge has ordered the University of Michigan to comply with a Freedom of Information Act request by the Detroit Free Press.
The Free Press wants to know how the University calculates the more than two million dollars in compensation for its chief investment officer, Erik Lundberg.
Mark Rochester, senior news director of investigations, says other universities in Michigan disclosed the information, so the U of M's refusal is a head scratcher.
"We can tell you how much Jim Harbaugh makes, and the formula for his compensation - but the person that manages their 11 billion dollar endowment -- that somehow is a secret," he says.
The University says Lundberg's compensation is determined by a proprietary formula, which gives it a competitive advantage.
A spokesman says the University is "considering the appropriate next steps," which could include an appeal of the ruling.
Previous reporting by the Free Press found that the University invests billions of dollars in the funds managed by a handful of its major donors.