UD in the News, Oct. 29, 2003

Charles Elson, Edgar S. Woolard Jr. Chair and director of the John L. Weinberg Center for Corporate Governance, is quoted in an Oct. 29 story in The New York Times concerning a new policy by the Goldman Sachs Group to bar its executives from serving on the boards of other companies, a move designed to head off potential conflicts of interest. "The benefit of having the banker on the board traditionally was locking in that company's business for the bank,'' Elson said. "Today, under director independence rules, it would ensure that the bank would be locked out. It's considered an independence-compromising practice.''

Elson also is quoted in an Oct. 29 Albany (NY) Times Union story about the 19-member board to be created when the Bank of America acquires Fleet. "Sometimes you have to be rather brutal in removing board members" in such cases to ensure the board does not become unwieldy, Elson said, adding these corporations are not being brutal.

Leland Ware, Louis L. Redding Chair for the Study of Law and Public Policy, is quoted in an Oct. 29 Wilmington News Journal story about the 50th anniversary of Brown vs. Board of Education. "Brown stood for the principle of eliminating state-sponsored segregation and racial discrimination," Ware said. "The decision effectively ended the institution of segregation in the United States."

University of Delaware cross country standout Pat Riley is featured in a story in the Oct. 29 Wilmington News Journal. Riley, a student, husband and father, is preparing for the weekend's Colonial Athletic Association championships.

A UD Center for Community Development and Family Policy study concerning increased roles for nonprofit agencies in assisting the state's poor is reported in the Oct. 29 Wilmington News Journal. "These organizations don't have contracts to carry out welfare services, but they are serving people on welfare because they're having problems making ends meet," according to Karen Curtis, associate professor in the School or Urban Affairs and Public Policy.

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