Thursday, March 12, 2009, 03:05 PM
Posted by Hoggish Greedly
According to the UCA Echo, in a recent meeting of the UCA board of trustees, trustee Rush Harding explained that the money for the buyout of past UCA president Lu Hardin's contract will come from existing, unrestricted monetary gifts to the foundation and other money given specifically for this purpose. There is not enough money yet but Harding was quoted saying, "We're going to have to find some folks in short order who believe in the university and the university's future..." Posted by Hoggish Greedly
Really? I guess you're right, what better way to look to the future than pay off the old president another half million dollars after he resigned because he was publicly called out for forging a letter to the board.
In case you haven't heard: Lu Hardin resigned for "health reasons" after it was found that he had forged a letter to the Board of Trustees recommending that the board award him his $300,000 bonus early and without public disclosure.




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