College Life Offers Never-Never Land for ‘Adults’
College Administrators Stink
Well, looks like this goofball of a college president just got a bit crazy recently, partying it up with the kids and acting like an irresponsible college child himself! I’m glad he was forced out! Now he has plenty of free time to hang out with the ‘kids!’
Fox News dutifully reports…
Iowa College President Quits Over Booze Photo, Gets $400G
Friday, August 29, 2008FORT DODGE, Iowa – An Iowa community college president resigned less than a week after a photo was published appearing to show him pouring beer into a young woman’s mouth.
The school’s board of trustees on Thursday unanimously approved Robert Paxton’s resignation. It also approved a severance package that officials said was valued at about $400,000.
Mark Crimmins, the president of the board, said although the incident happened in Paxton’s private life, “it reflected poorly on the college.”
“Based on our discussions, it was determined that it would probably be in Dr. Paxton’s best interest and the college’s best interest that he resign as president,” Crimmins said.
The photo, which was published Saturday in The Des Moines Register, shows Paxton with a group of young people on a boat. He is holding a small keg above a young woman’s head. The Register said the photo was taken over the Fourth of July weekend at Lake Okoboji and sent to the paper unsolicited.
A message left at Paxton’s office wasn’t immediately returned Thursday. He previously defended the photograph, saying the keg shown was broken and wasn’t dispensing beer.
Paxton, president of the Fort Dodge school for 13 years, signed a three-year contract days before the photo was taken. As part of his severance package, he will be paid for two of those years and get health benefits for a period of time.
Chuck Peterson, former vice president of financial affairs, was tapped to step in as liaison during the search for Paxton’s replacement.
Also of interest:
How can I get this kind of job? Pay me 400 G’s to “resign”, pay my medical, dental and life insurace for the rest of my life….oh, and I can go to a different school district and get teh same kind of job all over again.
I love the tale of Merrill Lynch & Co.’s former CEO, Stanley O’Neal. He was at the helm when ML had an $8 billion loss through the 3rd Quarter of 2007.
For all his hard work, he earned $46 million in compensation in 2006, including salary and annual bonuses, and got a sweet departure deal on his way out of ML in shame.
I could have lost them $8 billion in three quarters for 1/2 of what they paid O’Neal!
What was this guy thinking? Partying with drunken, nubile college girls in bikinis? Anybody could see that he’d have to walk away after only a few days with two years pay and benefits. Hope he learned his lesson. A cautionary tale for us all!
No kidding!