"this lack of transparency and accountability is unacceptable and, at a minimum, it creates an impression of self-dealing that cannot be condoned”

http://www.dailytexanonline.com/news/2012/11/14/ut-system-report-deems-law-school-foundations-loan-program-inappropriate

UT System report deems Law School Foundation's loan program inappropriate

In Sager’s case, essentially awarding himself the forgivable loan, the lack of administrative approval is fundamental to the conflict.

“The idea of Dean Sager’s $500,000 forgivable personal loan was his,” Burgdorf wrote. “Obviously, this lack of transparency and accountability is unacceptable and, at a minimum, it creates an impression of self-dealing that cannot be condoned.”

Sager approached former foundation president Robert Grable in 2009 and proposed the loan over dinner after Steve Leslie, executive provost and vice president, denied Sager a salary increase because of a tight budget. Leslie oversees compensation of University deans.