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More than $3 million in pay for ousted Penn State president
Philadelphia Inquirer ^ | 11/28/2012 | Susan Snyder and Jeremy Roebuck

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 ...


TOPICS: News/Current Events; US: Pennsylvania
KEYWORDS:

1 posted on 11/28/2012 3:36:13 PM PST by Kid Shelleen
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To: Kid Shelleen

“....$1.2 million severance payment given in the wake of his forced resignation....”

.
Not half bad, the man is really hurting.


2 posted on 11/28/2012 3:39:10 PM PST by 353FMG (The US Constitution is only as effective as those who enforce it.)
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To: 353FMG
If they severed something of his, well then OK give him the payment as consolation.

My understanding is that if he had some in the first place, they just hung there dangling uselessly.

3 posted on 11/28/2012 4:02:10 PM PST by who_would_fardels_bear
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To: Kid Shelleen

Another one of those “No-Matter-What-I-Do-I-Get-Paid-Large” contracts.

Where do you sign up for those?


4 posted on 11/28/2012 4:28:00 PM PST by randog (Tap into America!)
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To: Kid Shelleen; Scoutmaster; All
Well, actually Spanier is still on the Penn State payroll as a tenured prof.

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!

5 posted on 11/28/2012 5:23:07 PM PST by Colofornian
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To: Colofornian; All
That'd be "breaking news" in College Station!

I said College Station...meant State College...(college station is Texas A&M)

6 posted on 11/28/2012 5:24:44 PM PST by Colofornian
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To: Kid Shelleen
I guarantee Graham Spanier’s $3.25 million PSU salary and $1.2 million severance for his forced resignation is going to be severely depleted by his legal fees to keep his butt out of prison. You can make book on that, Graham, old boy.
7 posted on 11/28/2012 7:19:25 PM PST by MasterGunner01
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