Mining and energy magnate William Koch has fired the top official at a Florida private school into which he has put more than $75 million of his fortune amid allegations of sexual harassment, kickbacks, excessive spending, and grade-changing, The New York Times writes.
Mr, Koch, the younger brother of billionaire industrialists Charles and David Koch, launched the Oxbridge Academy of the Palm Beaches with a 2011 gift. He said the school had become an “asylum” run by a “power elites group,” adding, “We are finding alarming things of how money was misspent.” Oxbridge parents and former school officials said the culture at the academy shifted a few years ago whenit established a football team, which they say sucked up resources and dramatically lowered admissions standards.
Robert Parsons, the school’s president, was fired Friday. According to the Times, he was earning $600,000 a year and is the subject of a sexual-harassment complaint filed by Oxbridge’s former controller. William Koch said he has hired a budget watchdog for the school as well as investigators to look into the harassment claim and allegations that officials rigged bids with vendors and tampered with grades, which he said have yet to be proven. Mr. Parson declined requests for comment.