Tuition and taxpayer dollars at work

As bad as this story sounds, keep in mind the University of Wyoming is a state school. One can only imagine (maybe) what goes on at private colleges.

File this one under "Why annual college tuition fee increases outstrip the rate of inflation."

From AP:

University of Wyoming trustees voiced few regrets about the called-off search for a president that cost $123,376 over about seven months.

The university spent $90,000 to hire Korn/Ferry International as a search consultant. The university also spent $10,800 on administration and support fees; $3,015 on expenses such as communication, clerical work and computers; and $19,561 for travel, food and renting facilities, according to university officials.

The search ended Thursday with a trustees' vote that kept Tom Buchanan on as interim president for the time being. Buchanan's one-year contract expires June 30 and trustees said they were in no hurry to resume searching for a more permanent president.

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