Under a proposal currently under consideration by WCU administrators, the Charles Koch Foundation would give $2 million to the university .... The faculty member driving the process appears to be Economics Department Professor Edward Lopez, who also boasts the title of “BB&T Distinguished Professor of Capitalism.” Lopez, who gave the “Friedman Legacy Lecture” this summer at the John Locke Foundation, is a graduate of the Kochs’ largest university grantee, George Mason University, and an energetic proponent of “free market” economic theories.There's an interesting history behind that imposing title, "BB&T Distinguished Professor."
Allison's BB&T Foundation inked a deal in 2008 with WCU's College of Business to set up the endowed chair that Professor Edward Lopez now occupies. The signed agreement stipulated that "the Professor shall work closely with the Ayn Rand Institute and have a reasonable understanding and positive attitude toward Ayn Rand's philosophy of Objectivism."
"Positive attitude"? That's not exactly scholarship, and it's not a disinterested search for knowledge. That's indoctrination. The WCU agreement also mandated the required reading of Atlas Shrugged, but that was later dropped when WCU faculty began finding out about this deal with the devil.
Now it appears that the Ayn Rand Professor Edward Lopez is making his own deal with other devils, the Koch Bros., for $2 million in cash -- "what many rightfully view as blood money from a corporate behemoth that is gleefully plundering and endangering the planet and buying lackey politicians and mouthpieces at a prodigious rate."
The WCU Faculty Senate is fighting this, but with the current funding cuts enacted by The Honorables in Raleigh, WCU administrators are going to be glitter-eyed at the temptation to make that deal with the devil.