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November 20, 2008, 05:38 PM ET
Baylor College of Medicine Dismisses Its President
Baylor College of Medicine trustees dismissed Peter Traber as the institution’s president on Wednesday, ending a rocky five-and-a-half-year tenure that included a split with the college’s teaching hospital, the Houston Chronicle reported today.
Dr. Traber agreed to step down on December 1 and will serve as president emeritus, professor of medicine, and a consultant to the board. The trustees did not provide reasons for their decision, but the Chronicle reported that “highly placed sources” had cited “seemingly endless turmoil and shaky finances” at the medical school, which is not connected with Baylor University.
“I wouldn’t put all the blame on Dr. Traber,” Bob Allen, chairman of the trustees, said after the meeting. “The challenges out there are a result of lots of decisions over the past 10 years. I’d blame the board, of which I was one, as much as Dr. Traber.”
The private medical school split with Methodist Hospital and has struggled to build its own teaching hospital. It is negotiating a possible merger with Rice University.
The board will pay Dr. Traber about $4.5-million to buy out the rest of his contract, which runs through 2013. Dr. Traber, who has been president since 2003, was not available for comment. —Katherine Mangan
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