Greenspan to receive $400,000 severance payment


8:55 p.m. update: We just learned from IU spokesman Larry MacIntyre that the exact amount of Greenspan’s severance payment will be $441,600.

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According to IU spokesman Larry MacIntyre, Rick Greenspan will receive one year’s compensation as a severance payment after his resignation is effective at the end of the year. That payment, based on his annual salary and all benefits, will amount to about $400,000.

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14 comments:

  • TheDuke #1


    Thursday, June 26, 2008 - 6:42 PM EDT

    Dang… What are the chances of IU hiring me as the new AD, and then firing me. I like the sound of a 400K severance package. I promise not to even screw anything up during my short tenure. lol

  • Mark #2


    Thursday, June 26, 2008 - 6:54 PM EDT

    Greenspan should have been fired long ago. Now we have to put up with him through Dec? Get rid of him now.

  • Sam #3


    Thursday, June 26, 2008 - 7:52 PM EDT

    Alumni – if you are rightfully upset about the Sampson/Greenspan saga consider voting for me, Sam Locke, in the Trustee Election – there are three days of voting remaining. Visit http://www.lockefortrustee.com or https://election.alumni.iu.edu/.

    The Trustees could have taken a more active role and we would have ended up with the same result nearly a year ago – without the embarrassment that has come along instead. Demand a Trustee who will actually represent alumni and take a more active role in IU Management!

  • Megan M. #4


    Thursday, June 26, 2008 - 8:13 PM EDT

    No way, TheDuke. I totally could nail the job. See, here’s the thing, he didn’t get “Fired”- he resigned. And yet, we are going to pay him. I want to quit a job and still get paid for it. Especially to the tune of $400k. There goes the fiscal improvements the man made.

  • Jason #5


    Thursday, June 26, 2008 - 8:22 PM EDT

    Give me a break this guy isn’t even worth the 40K and this country wonders why everything is so expensive.

  • jump the gun #6


    Thursday, June 26, 2008 - 8:30 PM EDT

    The slate is finaly wiped clean. IU can truely start anew. I say it’s money well spent. If he stayed, he would have cost us millions. see ya “Tricky Rick”

  • The Rest of The Story #7


    Thursday, June 26, 2008 - 8:35 PM EDT

    There is more to this story.
    Has anyone heard about the funds from the IU Sprort camps?
    McRobbies should be next!

  • Sandy Jones #8


    Thursday, June 26, 2008 - 8:55 PM EDT

    Will Cahoun the compliance AD be going also?

  • cln #9


    Thursday, June 26, 2008 - 9:21 PM EDT

    Fascinating. Why give $400K to someone who resigns? Why is all of this clouded under a bunch of *(#%@?

  • Glenn Kingsbury #10


    Thursday, June 26, 2008 - 9:28 PM EDT

    Why wait until Dec? Greenspan should have been gone long ago, BUT paying the man to leave is WRONG! A nice firing with no compensation sounds good. He has already cost the university TOO much.

  • BacktoBasics #11


    Thursday, June 26, 2008 - 9:55 PM EDT

    Oh Hell, 400K is just a drop in the bucket to IU. All those yuppies that run IU spend $$ like it grows on trees. We’ve always got the students, alums, parents, and the INDIANA tax payer that will be more than happy to cough up a few more fees, $7.00 Cokes, $6.00 hotdogs,$8.00 popcorn, and of course $20 parking!

    This is the leadership we have in this country, just a bunch of elitist, mindless, twits!!

  • uh oh.... #12


    Thursday, June 26, 2008 - 10:35 PM EDT

    Greenspan is the fall guy. Unfortunately, all of the positives that have happened on his watch (financial stability, facilities, good coaching hires, a football program on the rebound, etc…) are being undone by a decision made by Bill Stephan and Adam Herbert. Unfortunately, these two men will skate and Greenspan takes the fall.

    IU is worse off with Rick leaving — he is a good man and a strong AD. Thanks Adam Herbert for screwing IU up more than Myles Brand ever did….

  • Eileen #13


    Thursday, June 26, 2008 - 10:41 PM EDT

    I am sure the students will have another “fee” tacked on to cover the cost of this disaster!

  • Katy #14


    Friday, June 27, 2008 - 8:53 AM EDT

    Miles Brand is still screwing IU

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