Tracy C. Morris '95 and Christine M. McElroy'95, editors-in-chief, did not deny theallegations of financial improprieties but refusedto comment on them.

"I don't want to hurt anyone," McElroy said.

Chang is seeking a high-paying investmentbanking job, and sources say she is upset thatthese allegations may damage her recruitingchances.

But if Harvard's record is any indication, herpotential employers may not hear about her removalat all.

Disincentives to Embezzle?

The College's current system of oversight isnot stringent enough to dissuade would-becriminals, many student leaders said this week.

Most official student groups are nonprofitorganizations under Massachusetts law, with theirown bank accounts over which the president ortreasurer holds financial power.

Joshua A. Feltman '95, former president ofPerspective, said that in his term, hecould have embezzled $25 each month and gottenaway with it easily.

"When I was president, I would charge stuff forthe organization to my credit card, or use cash,and then I would write myself checks," Feltmansaid.

"If you look on the computer atPerspective, I'd say 25 percent of thechecks were made out to Josh Feltman," he said."If someone went through our books, they wouldprobably be wise to conclude I was embezzlingmoney."

Feltman says all of those checks werereimbursements for business expenses.

Of course $25 dollars a month does not compareto the average $10,000 Lee stole each month, andthe University has instituted a series of checkson An Evening With Champions to prevent futureabuse.

Although many student group leaders said theywould not be bothered by increased Collegemonitoring, most said they did not see whatfurther steps the College could take.

"I'm not really sure exactly what they coulddo," said Jenny L. Soriano '95, former coordinatorof Light-house, a quarterly publicationconcentrating on women's issues. "It would havebeen a hassle more than anything else."

None of the leaders of the groups interviewedexcept Evening With Champions said they arerequired to do more than submit an annual reportto the Dean's office.