Skip to comments.More than $3 million in pay for ousted Penn State president
Posted on 11/28/2012 3:36:07 PM PST by Kid Shelleen
Pennsylvania State University's ousted president Graham B. Spanier received $3.25 million in taxable compensation for 2011 - including a $1.2 million severance payment given in the wake of his forced resignation that year, the university announced on Wednesday.
University officials said the severance payment and $1.24 million in deferred compensation earned over his 16 years as president were required under Spanier's 2010 employment agreement.
(Excerpt) Read more at philly.com ...
“....$1.2 million severance payment given in the wake of his forced resignation....”
Not half bad, the man is really hurting.
My understanding is that if he had some in the first place, they just hung there dangling uselessly.
Another one of those “No-Matter-What-I-Do-I-Get-Paid-Large” contracts.
Where do you sign up for those?
This article is all about his payroll as Prez, which he resigned.
Also still on the payroll, over one year later, is Penn State non-acting athletic director Tim Curley.
The fact that there has been NO ground swell...as in NOTHING...by all associated with Penn State and the State College community in general...shows you that they don't mind that their tuition $ goes for paying the salaries for do-nothing, pedophile harborers like Spanier and Curley.
Which means...that the entire Penn State community is more part of the problem than any solution...
Hey, you Penn State supporters...be sure to ping me upon somebody actually putting up a petition to fire Tim Curley.
That'd be "breaking news" in College Station!
I said College Station...meant State College...(college station is Texas A&M)