College Professors and Conflicts of Interest?

Paul Solman occasionally answers questions from NewsHour viewers and web users on business and economic news. Here’s Wednesday’s query: 

http://www.pbs.org/newshour/rundown/ms_logo_homepage_blog_horizontal.gifName: Madeline Smith 

Question: On May 4, there was mention of corruption in the economics departments in certain colleges. It had to do with college presidents being on certain Wall Street finance boards. Could I have that part of the discussion?

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Paul Solman: That referred to college professors, for the most part, and just one college president. And the charge was an implicit conflict of interest, not “corruption” in the usual sense of the term. It all comes from the latest Academy Award-winning documentary, “Inside Job.” I interviewed its director, Charles Ferguson, on the May 4 NewsHour. Ferguson also answered viewer questions a week later.

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