Columbus is host to the National Hockey League All Star game this week-end. The NHL showcase will bring thousands fans and visitors to the city as well as international media attention.
Gee Earns $641K By Staying One Additional Day
Ohio State President Gordon Gee is getting more than a half-million dollars in retirement credits because heâ€™s leaving the presidentâ€™s office on July 1 instead of June 30.
A copy of Geeâ€™s contract supplied by OSU says he receives a “Supplemental Retirement Benefit Credit” every June 30th. This year heâ€™s due $641,301.
The contract says Gee is entitled to the balance of the account by June 2015.
Per the contract, Gee will also be “granted the permanent status of President Emeritus, with an appropriate stipend, secretary and office for a period of five years.”
Gee announced this week that he’s leaving the president’s office on July 1. OSU trustees say Gee will retain some role with OSU, although the exact role is still unclear.
Gee’s retirement follows heavy criticism of comments he made about the Southeastern Conference, Catholics and Notre Dame, the University of Louisville, and former University of Wisconsin football coach Bret Bielema.
Gee says the comments and subsequent fallout played “a minor role” in his retirement. He says a desire to spend more time with his family was the main motivation.
Board of Trustees president Robert Schottenstein declined to discuss retirement benefits in detail following the close of the monthly board meeting Friday, the last to include Gee as university president. Schottenstein said negotiations, which he expected to be amicable, would begin soon and be concluded quickly.
â€œThis is not the day to discuss it,â€ Schottenstein said. â€œWeâ€™re celebrating an extraordinary presidency by one of the most amazing men that any one of us will ever meet. And candidly, I donâ€™t think todayâ€™s the day to talk about it for several reasons. One, weâ€™re not ready, itâ€™s speculation, and itâ€™s a little inconsistent with the moment.â€