UT Board of Regents A Hicks Family Tradition

Steven Hicks, chairman of Austin’s Capstar Partners has just been appointed to the UT Board of Regents by Rick Perry.  Brother Tom served as a Regent from 1994 to 1999, appointed by Ann Richards. Hicks’ major initiative as a regent was forming the system’s investment arm, UTIMCO. Of course, he was then constantly criticized and second-guessed for the investments UTIMCO made. The populist brow-beating over UTIMCO’s performance bonuses is what led Dallas’ Robert Rowling to quit its chairmanship and the Board of Regents last week. Ain’t public service fun? Good luck with yours, Steven.