Ladner Resigns as President of American U. and Agrees to $950,000 Settlement

Benjamin Ladner, American University's embattled president, resigned last week and accepted a severance payment of $950,000, according to the university's Board of Trustees. But the university will withhold a large portion of that to cover taxes and to recover what it says were Mr. Ladner's excessive expenses.

Mr. Ladner, 63, will also receive $2.75-million in deferred compensation from an insurance policy and two trusts, the board announced. The trustees said the sum was not a new