Elsewhere online
March 04, 2013

Payouts and Perks Mark Executive Departures at NYU

New York University has provided large exit payments or continued perks for several former campus leaders, according to The New York Times.

Along with a $685,000 bonus to Jacob Lew when he resigned as NYU's executive vice president in 2006, which became public during recent hearings on Mr. Lew's appointment as U.S. treasury secretary, the university made a $1.23-million severance payment to Dr. Harold Koplewicz, the founder of NYU's Child Study Center, in the 2009-10 fiscal year.

Two former NYU presidents, John Brademas and L. Jay Oliva, still live in university-owned faculty housing. Philip Lentz, a university spokesman, said both men "continue to remain active in university affairs."