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.

14 comments

  1. 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

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

  3. 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!

  4. 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.

  5. 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”

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

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

  8. 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.

  9. 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!!

  10. 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….

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

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