On 12/31/2016 10:13 PM,
ppo...@stny.rr.com wrote:
>
> be issuing their apology to Penn State?
>
More like when will the entire Penn State administration and board of
trustees be sued for gross negligence and fiscal malfeasance?
Paying their disgraced former president $600,000/year to teach a few
courses? Now PSU is trying to save face by suing Spanier.
"If Penn State is successful in its counter-claims, the cost to Spanier
could be significant. In the separation agreement he was awarded:
* A $700,000 salary for a one-year, post-presidency transition period.
* Five years, following the transition, as a tenured faculty member at
$600,000 a year. That five-year appointment, during which Spanier has
not received any teaching assignments, is now in its final year.
* A retirement plan equivalency payment in the amount of $1,248,000 that
has not been fully paid yet.
* An additional lump sum payment, made in December 2011, equal to 18
months of Spanier's base salary at the time, which was $700,000 in the
2010-11 academic year. This payment would have exceeded $1 million.
A back-of-the-envelope calculation brings that total to about $6 million
- a lot of money for anyone to "disgorge," to quote the university's
legal filing."
--
False words are not only evil in themselves, but they infect the soul
with evil.
Pennsylvania - Tá sé difriúil anseo.