Creative accounting | Arkansas Blog

Friday, August 29, 2008

Creative accounting

Posted By on Fri, Aug 29, 2008 at 2:11 PM

Future wheeler-dealers in high finance should consider Arkansas State, judging by the funny business they used to reduce President Les Wyatt's compensation package sufficiently to drop him from the most richly paid college leader in Ark.

Case in point: It turns out that Wyatt has use of a spread at Mallard Point near Mountain Home, donated to ASU in 1985 by the McAdams family. I'm guessing it's not a shanty. He used it 13 nights in a year. About half business, half pleausre. Value by ASU accounting: About $35 a night. I challenge you to find a furnished deluxe cabin in Arkansas for $30 a night. Here's the background.

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