Baylor's President Will Become Its Chancellor; LSU Faculty Senate Votes Down Effort to Get New President to Spurn Tenure; Bob Jones III Hands University Presidency to His Son

UP AND OUT: Professors at Baylor University who have been clamoring for their president to leave finally got their wish. Robert B. Sloan Jr., president of the world's largest Baptist university for the past decade, is leaving the presidency in June to take on a new role as chancellor.

Mr. Sloan, 55, says that he and the Board of Regents agreed it would be in Baylor's best interest for him to move on. As chancellor he will concentrate on fund raising, student recruitment, and other

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