Judith Craven

Judith Craven

Judith Craven

Vital Stats

Years as Regent:

March 2001-February 2007

Residency: Houston, Texas

Judith L. Craven, M.D., was appointed to a six-year term to the Board of Regents by Governor Rick Perry in March 2001. She's the only former UT employee to ever serve on the Board of Regents.

Unfortunately, however, when it comes to her commitment to students, faculty, and staff, her UT experience seems to be trumped by her business sensibilities as a member of the corporate elite. Dr. Craven sits on the boards of Sysco, A.H. Belo, Hewlett-Packard (formerly Compaq), Luby's, SunAmerica Funds, and Valic. Conflicts of interest are visible in relation to several of these companies.

Craven has received criticism from corporate watchdogs for allowing herself to become beholden to the CEOs of the companies that she oversees. For example, while she sat on the board of directors at Compaq, the company gave generous donations to the United Way, where she formerly worked as a local executive. The United Way has been in trouble for embezzlement and accounting problems (scroll to the bottom for some good comments). While she worked at Compaq, she also rubbed elbows with her fellow board of directors member, Kenneth Lay, former chairman and CEO of Enron. Together they helped create a package of incentives designed to keep "important employees around during the integration [of Hewlett-Packard and Compaq]." $22.4 million would be given to 7 executives, and $337 million to 6,000 other selected employees. Alternatively, at least 15,000 workers would be laid off.

It also works out nicely for her that three of her fellow regents sit on the board of UTIMCO, UT's investment company, and have invested a market value as of June 2003 of $4,641,180 in Sysco Corporation.

Finally, while media companies continue to expand, and a decreasing number of these companies decide what is news-worthy, Craven is sitting on the board of directors of one of the nation's largest media companies. A.H. Belo Corporation publishes The Dallas Morning News, three other dailies, and a handful of other community papers serving the Dallas-Fort Worth area. Belo Corp also 19 TV stations overall in 10 states, and runs six 24-hour cable news channels including Texas Cable News and Northwest Cable News. Its burgeoning Internet division includes 34 Web sites. Over the last two years Craven has reported insider or restricted shareholder transactions relating to A.H. Belo Corporation, where she made over $300,000.00.

Boards and Executive Positions

Sun America Funds:
Member Board of Directors

A H Belo:
Member Board of Directors

Sysco Corporation:
Member Board of Directors

Luby's Corporation:
Member Board of Directors

Valic Corporation:
Member Board of Directors

Compaq:
Member Board of Directors

Private Sector Initiatives:
Member Board of Directors