- Joined
- Dec 22, 2011
- Messages
- 43,315
i would say you are correct. however, there may have already been a board resolution/consent/approval delegating the responsibility to Frenk with certain parameters. if so, then Frenk would have authority. speculating but the reporting seems to indicate Frenk has the authority.
Sure, but at the same time, the CONTRACT still has to be ratified by the BOT (based on comp, duration, perqs, etc.). No matter what, that is still an unavoidable step, and it is the back-door/trap-door that Epstein has been pounding on.
That's all. Not fighting with anyone. Hire/fire could certainly be delegated within parameters, but JULIO FRENK HIMSELF cannot unilaterally bind UM to certain kinds of contracts without BOT approval.