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Napolitano didn’t become UC President until 3 years ago. Doubtless that’s why she didn’t sack Katehi 5 years ago. [Fun fact: then-president Yudof called in a former LA police chief to do the investigating.]
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Misappropriation is in the eye of the beholder, unfortunately. In order to dislodge someone with a contract you have to prove the contract was violated. ETA: And the sad truth is that less and less of it is actually public funds anymore. Which is why chancellors are picked for their ability to throw cocktail parties and open wallets rather than, say, educate young people or (heaven forfend!) talk to them.
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