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Retired presidents continue to serve schools.(NEWSWATCH)
The trend of retiring college and university presidents sticking around to help their replacements has picked up steam over the last decade, according to the American Council on Education. "They're already popular with key alumni and donors," said Tim McDonough. "They can open doors for the university, so it makes sense."
At Kent State University OH, trustees chose to retain retired President Carol Cartwright as ambassador and fundraiser. She continues to receive a $270,000 base salary, plus health insurance and expenses, while her replacement, Lester Lefton, moved into the presidential house and receives $350,000 plus benefits and bonuses.
At Miami University OH, retired president James Garland stayed on the job to help raise $350 million after his replacement took over July 1. And at Ohio University, ...
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Harold "Pete" Goldsmith is now VP of Enrollment Management and Student Affairs at Kent State University (OH). He had been VP of Student Affairs at Indiana U of Pennsylvania since 1995 ...
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...colleges and universities nationwide using Rave, such as American University, Colorado State University, Indiana State University, Kent State University (OH), Quinnipiac University, University of Louisville (KY), and University of South...