Pennsylvania State University’s former president Graham Spanier last year received compensation valued at $2.3 million, including the transfer of a life-insurance policy, more than the leader of any public university, a Chronicle of Higher Education survey found.
A tenured faculty member on administrative leave, Spanier stepped down as president in 2011. He was later indicted on charges including conspiracy and perjury in what prosecutors said was a cover-up of ex-football assistant coach Jerry Sandusky’s sexual assault of boys. Spanier has pleaded not guilty in the pending case.
Michael McDonald, Bloomberg Business
June 7, 2015 — 5:37 PM EDT Updated on
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