Dive Summary:
- Former Nebraska Senator and Governor Bob Kerrey resigned from his controversial post as president emeritus of the New School on Friday, calling the decision "largely mutual."
- Some faculty members at the school questioned the appropriateness of paying Kerrey a $350,000 salary during a year that a failed Senate bid and other professional endeavors occupied his time, but Kerrey said his political ties and big donor connections continued to benefit the university.
- Kerrey--whose $3 million salary as the New School's president once earned him the distinction of the nation's highest-paid private college president in 2010--will continue to serve as a consultant to the school through the end of the academic year.
From the article:
Bob Kerrey, whose ill-defined and lucrative role as president emeritus of the New School caused continual headaches for his successor, resigned the post on Friday, the New York institution announced. Mr. Kerrey was under contract to serve as president emeritus through 2016, but he conceded in an interview in January that the position invited controversy. ...