What Didn’t Work: Tongue-Tied at the Top

By 2002, observers began to express their concerns about Small’s compensation, leadership, and spending. For example, an extensive Washingtonian magazine article titled “Money Man” questioned Small’s management style and lavish spending, including the $14,600 he spent to charter an executive jet for a trip to San Antonio. Still, the regents took no action. Negotiating Small’s compensation was left entirely to the executive committee.