The Latest Bombshell From Penn State University - Disgraced President Spanier's $2.9 Million Compensation Package For the Latest Fiscal Year

Just as it seems that there can be no more shocking news to emanate
from Penn State University than that which has emerged over the past
two years, the public is hit with the bombshell that disgraced former
President Graham Spanier was the highest-paid public college president in the
United States within his last year of service, making off with a
stunning $2.9 million compensation package, this provided by an
institution which has sought to keep the public in the dark about all
significant expenditures of our money.

The administration of Penn State cries, "President Spanier's compenation package is not what it seems!  His base salary is but a small fraction of the total, which includes payouts for accumulated...everything!", to which I say, "So what?"  This man used the university and its public money to become a multi-millionaire and he leaves with abundant shame.

A university that can afford to pay a king's ransom such as this is
one which is not in need of public money nor deserving of its tax
exemption, and an individual that could abscond with student tuition
and taxpayer dollars to the tune of $2.9 million in one year is one whose
character and integrity are nil.  The payday for Spanier is all the
more unseemly in light of the panoply of criminal charges for which he
stands accused, the very real possibility that he allowed a child
rapist to operate unfettered so that the school and its exalted
football program would not suffer any adverse publicity. 

Graham Spanier has provided another striking example to demonstrate
that one need not work in the private sector to become fabulously
wealthy.  He and those that agreed to provide him with compensation
that is about seventy times the average weekly wage in Pennsylvania
should be ashamed.

The former president remains a tenured faculty member while on "leave", the possibility existing that he could return to employment there in some capacity!

Those who believe that Penn State University has seen the writing on the wall and has initiated seirous reforms is sadly mistaken.