Rowan Pays President $600,000 to Leave Early

Rowan University has agreed to pay Donald Farish, who had announced plans to leave when his contract expires in June 2012, $600,000 to leave a year early, The Press of Atlantic City reported. Paul Tyahla, executive director of the Common Sense Institute of New Jersey, criticized the buyout. "It’s become an unfortunate standard to compensate presidents on the way out.... Boards have become convinced that you don’t want a lame duck president for the last year, and so presidents should instead be paid for not being there," he said.