Peter J. Taylor, the former head of public finance for Lehman Brothers Holdings Inc. who has been the chief financial officer of the University of California system since 2009, is stepping down to lead an educational foundation, the university said.
The University of California is preparing to sell $750 million of bonds this month, the first debt offering since September for the system now led by former Homeland Security Secretary Janet Napolitano.
Janet Napolitano’s departure as head of the Homeland Security Department leaves President Barack Obama seeking a successor to run an agency at the center of his second-term push to revamp U.S. immigration law.
Janet Napolitano’s national profile and government experience trump the fact that she’s never held an academic post as she prepares to lead the financially challenged University of California, college administrators and professors said.
Secretary of Homeland Security Janet Napolitano urged Senate rejection of an amendment to delay pathway to citizenship for undocumented immigrants until the U.S. has “full operational control” of its border, saying in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that the proposal is “the wrong way to go” in a bill to revise immigration law.