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Outgoing President of Cleveland State to Get $928K Golden Parachute

Outgoing President of Cleveland State to Get $928K Golden Parachute

“Sands just a year ago had received a contract extension through June 2026.”

He is also being offered a six-figure teaching position. Why is college so expensive? It’s a real mystery.

Cleveland.com reports:

Cleveland State will pay outgoing President Harlan Sands nearly $1 million and offers him $348,000 teaching job

Harlan Sands will be paid $928,000 to not be Cleveland State University’s president anymore, according to his separation agreement with the university that also guarantees him a six-figure teaching job.

The university’s board of trustee’s announced Tuesday that Sands was leaving the job and that Laura Bloomberg would go from provost and senior VP for academic affairs to becoming the new president.

Sands just a year ago had received a contract extension through June 2026.

The decision to replace Sands was made because of “differences regarding how the university should be led in the future” according to an announcement from the university’s board of trustees.

Cleveland State announced Nigamanth Sridhar, former dean of CSU’s College of Graduate Studies, would serve as interim provost.

According to copy of Sands’ separation agreement, obtained through a records request by cleveland.com, he will stay employed with the university in his current role until June 26, where he’ll have the title but none of the duties of being president.

He will be paid a lump sum equal to two years of his base salary, which was $464,100. Sands will also be offered a job as a full-tenured university professor at the Cleveland-Marshall College of Law. The position would pay 75% of his current salary, or $348,000.

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Comments

Your taxes at play. It seems the Board didn’t negotiate very hard, considering it’s just government tax money. Maybe the outgoing Pres has some dirt on the Board members?

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