Lisa Staiano-Coico, or Lisa S. Coico (born February 26, 1956) is an American politician and academic. Coico was the twelfth president of City College of New York, from August 2010 until October 2016. A graduate of Brooklyn College 1976, Coico became the first City University of New York alumna appointed to head CCNY. Coico resigned on October 7, 2016, amidst federal and …
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· Lisa S. Coico, the college’s former president, was already being scrutinized over the improper use of federal research money, and the accounting of her personal expenses from the 21st Century Foundation, the college’s main fund-raising vehicle. She resigned unexpectedly in October after The New York Times reported that a memo concerning those expenses had most …
· “Ms. Coico’s resignation is effective immediately, said James B. Milliken, chancellor of the City University of New York, the college’s parent body, in a statement. She will be replaced temporarily by Mary Driscoll, the college’s new interim provost, pending the appointment of an interim president at the next meeting of the university’s board of trustees, which is set for …
When Lisa Coico stepped down as president of City College two years ago amid allegations of financial misconduct, it was a black eye for CUNY’s flagship university.
Coico became the first CUNY graduate to lead the college when she became president in 2010.
The CUNY Research Foundation, which holds grant money for the system’s professors, paid back the money to the 21st Century Foundation.
Coico has denied any wrongdoing and the federal probe ended without any indictments, according to a source familiar with the investigation.
Vincent G. Boudreau, City College’s interim president, said he had spent considerable time reassuring donors that their contributions would go to their intended destination.
Last week, CUNY’s Board of Trustees approved setting aside up to $25,000 for each college president or dean who, in accordance with standard university practices, might need an outside lawyer when being interviewed by Ms. Leahy Scott’s investigators.
It is too early to know whether any indictments will be issued. In a separate state inquiry in November, Catherine Leahy Scott, the New York State inspector general, criticized CUNY’s financial and management practices as “ripe for abuse,” and she called for “significant steps” to be “immediately taken.”
The Times reported in May 2016 that the 21st Century Foundation, a nonprofit group affiliated with the college, had paid for some of Ms. Coico’s personal expenses, including furniture and fruit baskets, when she took office in 2010. The foundation was then reimbursed for more than $150,000 by the Research Foundation of CUNY, which manages research funds for the entire system. This happened despite calls by some college officials that Ms. Coico repay the funds.