At least they aren't eating babies...

Aw, come on, guys! I was just defending you!

Auditors criticize stem cell institute's spending

STUDY FINDS VAGUE POLICIES LED TO PRICEY MEALS AND AIRFARES

By Steve Johnson

Mercury News

State auditors Tuesday criticized California's $3 billion stem-cell institute for lax travel and entertainment rules that let its officials sometimes get chauffeured rental cars, pricey meals and first-class air fare.

The report by California State Auditor Elaine Howle also faulted the California Institute for Regenerative Medicine for using questionable data in justifying its salaries, which in some cases seemed excessive to the auditors.

In addition, the report said, the institute offered vague reasoning for its policies governing how much revenue and other benefits the state should receive from those who develop products from the institute's stem-cell grants.

Complete story here...