Former Ohio State University President E. Gordon Gee will make $5.8 million over the next five years as part of a retirement package announced by the school’s Board of Trustees yesterday.
Gee retired effective July 1 after comments he made last year regarding Catholics and the Southeastern Conference became public.
Gee’s retirement package includes a base salary of $410,000. It also includes:
- A one-time payment of $1.5 million which “releases the university from previous contractual obligations such as deferred compensation, and supplemental executive retirement plan compensation;”
- Another $800,000 in his retirement plan; and
- An annual grant of $300,000 for each of the next five years.
The university’s press release on the terms of Gee’s retirement says the grant will fund Gee’s “research on 21st century education policy.”
The grant will be controlled by Dr. Gee “in his reasonable discretion” and can also be used to fund his expenses and travel on behalf of the university, the Columbus Dispatch reports.