Many college presidents across the country are negotiating huge exit packages when they step down. Schools and public records say:
Lawrence S. Bacow, president emeritus of Tufts, received $1.7 million in 2011 for “end of service compensation.” At Harvard, president Lawrence Summers kept his presidential salary of $580,000 for several years after he stepped down in 2006. And Wellesley College had two former presidents on its payroll in the last six years, including one who received $430,000 a year for two years after she retired and her duties ended.
Former Brandeis president Jehuda Reinharz has received at least $1.2 million more from Brandeis since his 2010 retirement and is in line to receive hundreds of thousands more in coming years.
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