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.
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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