Previous Classes to Resume After 17-Day Strike at Canada's U. of Windsor |
Next |
October 07, 2008, 06:25 AM ET
A Plum Contract
According to an article in The Baltimore Sun, Earl S. Richardson, Morgan State University’s soon-to-be-ex president may take home a whopping $300,000 a year as president emeritus with only minimal teaching duties when he retires at the end of 2009.
Richardson, you may recall, courted controversy last month when he refused to disclose his employment contract, which is considered public record, to a member of the Maryland General Assembly who questioned his leadership. An audit found financial improprieties at the university earlier this year, including “$2.4-million in ‘questionable’ and duplicate payments to a prominent contracting company” and overpayments to two employees totaling $121,400, The Sun reports. Richardson released his contract only after Del. Galen R. Clagett, a Frederick Country Democrat, filed suit over the matter.
MSU officials have said that Richardson had no knowledge of the improprieties, but Claggett says he still doesn’t see why a president should be so richly rewarded “if he’s got problems managing his operations,” The Sun reports, adding that Claggett plans to question the university’s governing board about Richardson’s contract during hearings in Annapolis.
The Sun notes that besides the plum post-presidential salary, Richardson’s contract guarantees him a faculty post at MSU, even if he were to be sacked for misconduct, a provision experts say is uncommon. He’ll also get a one-time bonus of hundreds of thousands of dollars for sticking around past the middle of next year.
Categories: Salary-and-benefits
Add Your Comment
Commenting is closed.