UAlbany's Auxiliary Services buying an ad from UAlbany Foundation Board of Directors President George Randolph Hearst III's newspaper the Albany Times Union makes some sense (advertising to people in the region where the university is located), but also seems fraught with potential for conflict of interest: being in some way in charge of money headed into the university, yet also involved with money leaving the university for his own company?
"The University at Albany Foundation is a not-for-profit corporation organized for the purpose of encouraging philanthropic contributions from individuals, corporations, foundations, and other organizations in support of activities and programs of the University at Albany. Responsibility for governance of the Foundation is vested in a Board of Directors, comprised of alumni, community and University representatives. The Executive Director of the Foundation reports regularly to the Board of Directors and is responsible for the management of all funds in its accounts and is committed to ensuring their proper stewardship."
http://www.albany.edu/uafoundation/
Unless the Albany Times Union runs such ads for free, which might also merit the raising an eyebrow.
"More than 150 UAlbany alumni and supporters attended a reception March 6 at the Hearst Tower in Manhattan. Hosted by University at Albany Foundation President George R. Hearst III, the reception provided a unique opportunity for guests to meet UAlbany’s new president, Robert J. Jones; his wife, Lynn Hassan Jones, M.D.; and SUNY Chancellor Nancy Zimpher.""Hearst Tower Reception." http://www.albany.edu/ualbanymagazine/spring13_out_and_about.shtml (Archived by WebCite® at http://www.webcitation.org/6LcQftRow )
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