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Prodigy, 21, about to become doctor
CAMBRIDGE, Mass., May 16 (UPI) -- Figures from Harvard University's recent tax filing show the Massachusetts university gave its controversial former president a generous severance package.
The Boston Globe Wednesday said while controversy surrounded Lawrence H. Summers' resignation, school officials granted him a severance package potentially worth more than $2 million.
Tax records show that included among the package is a home loan to Summers for $1 million and a year's paid sabbatical.
University spokesman Robert Atwell said the terms of the severance package were instituted to make the split agreeable to all parties involved.
"Harvard had a need to make a change, so they did what they did to make it amicable, as distinct from adversarial," spokesman Robert Atwell said. "I'm not prepared to say this is a bad settlement."
The Globe said the costly severance package came after Washington's American University paid out $3.7 million to its own controversial president Benjamin Ladner when he left the school in 2005.
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A 21-year-old Chicago-area man is about to become the youngest person ever to receive a medical degree from the University of Chicago, officials say.
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