Report: Purdue's ex-president to get $500K bonus

By: Associated Press Email
By: Associated Press Email

Former Purdue University President France Cordova is getting $500,000 as part of an agreement approved by the school's trustees.

The Journal & Courier reports (http://on.jconline.com/MRPZet ) Cordova will also reap other benefits in her new role as president emeritus. Some of those benefits were included in the separation agreement approved Friday by Purdue's trustees.

For the 2012-13 year, Cordova's pay is about $476,000, or a 2.2 percent raise from last year. She'll also receive a "retention bonus payment" of $350,000 under that agreement. Cordova is also due another $150,000 retention bonus payment for remaining on the job until July 15.

She'll also have an expanded campus sports recreational center named after her.

Gov. Mitch Daniels will become Purdue's next president in January after he finishes his second term as governor.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 163311596 - wndu.com/a?a=163311596