The Chronicle: Many College Presidents Lack Written Employment Contracts
All college presidents technically hold employment contracts. But whether the terms of those contracts are spelled out clearly is a different story. One-third of public university chiefs do not have formal written agreements, The Chronicle found in a survey of 165 public universities where such documents are considered public information.
Some of the collected agreements (which are posted on The Chronicle’s Web site) are extensive legal documents. For example, Lester A. Lefton, president of Kent State University, holds a 12-page contract with an eight-page attachment detailing his deferred compensation.
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