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Competitors' Corner

August 13, 2003
August 13, 2003

Dr. John W. Shumaker resigned as president of the University of Tennessee this week amid questions of inappropriate charges to the school's credit cards, use of the university's plane for personal travel and acceptance of a $10,000 gift from the chairman of Hyundai within 18 months of that company's business with Central Connecticut State University, where Shumaker was president in the mid-'90s. Since Shumaker's resignation, an undisclosed source told a reporter for The Chattanooga Times that an audit of expenditures, yet to be released publicly, indicates Shumaker also spent $500,000 to redecorate the president's residence, $150,000 for tailgate parties and $100,000 on a Christmas party. UT's Executive Committee is scheduled to meet Monday in Nashville to recommend an interim president.