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Gee Stands To Earn $671K For Extra Day’s Work
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Retiring Ohio State University President Gordon Gee attended his last board of trustees meeting Friday. Meanwhile WOSU has learned that Gee will receive more than a half-million dollars in retirement credits by stepping down July 1st rather than a day earlier.
More than a dozen board members thanked and praised Gordon Gee during the board meeting. Algenon Marbley described Gee as a mentor.
â€œYou put us on and you kept us on a trajectory of excellence to eminence,â€ Marbley said. â€œYou have led this university selflessly with a commitment to excellence that in the history of this university is unsurpassed.â€
Gee then read his farewell remarks from a prepared text.
â€œThe one thing that has been a rock in my life is this university,â€ Gee said.
Afterward the board and the audience gave the 69-year-old a standing ovation.
According to board president Robert Schottenstein negotiations for Geeâ€™s retirement package will begin soon. He predicted they would be concluded quickly and amicably.
When asked about the $671,000 that Gee will earn for staying on an extra day, Schottenstein responded:
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€
The board approved Provost Joseph Alutto as interim president.