12/7/2011: Allan Brettman of the Oregonian has a good piece:
For donors like Lorry Lokey and Vinton “Slim” Sommerville, Lariviere’s ouster was a stunning blow that no amount of explanation of process and political niceties can soothe. “It’s the governor’s fault and I hope the voters remember this two years from now and knock him out,” said Lokey, the founder of the Business Wire news service who has pledged or paid about $134 million to UO.
Lokey said he will wait until spring — when emotions have subsided and when the Legislature convenes — to decide on the future of his gifts to UO. “I’m not in a position to say what I’m going to do,” said Lokey, a Stanford University graduate who grew up in Portland. “I don’t know. I want to wait six months to see things evolve.”
Lokey, a University of Oregon Foundation trustee, said it was essential for the Legislature to approve an independent governing board for at least UO. “If it all works out, great,” Lokey said, a California resident. “I’ll be glad to pledge even more money.”
Donors are too smart to give their money to Pernsteiner, which is essentially what happens now. He reacts to UO’s success by cutting UO’s state allotment and funneling the money to EOU, WOU, SOU, and IOU – after a tithe for George’s personal expenses, of course. Thanks to a reader for the link.