COLUMBUS, Ohio (AP) — Former Ohio State University president Gordon Gee, who retired under a cloud after remarks jabbing Roman Catholics and Southeastern Conference schools, will receive a $5.8 million package over the next five years, along with an office, a secretary and a premium parking pass, the university said Monday.
The contract with Gee includes a one-time payment of $1.5 million, an annual salary of $410,000 and a $300,000 annual grant for research on 21st-century education policy. It also retains him as a full professor in the university’s College of Law, pays him health insurance and covers moving and storage expenses.
The deal also will cover the cost of tax preparation and penalties Gee incurred as a result of corrections the university made in reporting his income for 2009, 2010 and 2011.
The agreement, signed by Gee on Monday, didn’t explain the corrections. University spokeswoman Gayle Saunders said the corrections involved miscalculations on Gee’s W2 form dealing with minimal amounts of money.
Continue Reading: Ohio St reaches $5.8M deal with retired president (The Associated Press)