Penn State Paid Spanier $3,255,762 in 2011

Pennsylvania State University on Wednesday revealed the compensation of Graham Spanier, who was ousted as president last year. The university reported total taxable income for Spanier of $3,255,762. This includes $700,000 annual salary, $82,557 of taxable benefits and nonrecurring compensation of $2,473,205 that Spanier was contractually entitled to under the terms of his 2010 employment agreement. Details may be found here. Spanier was indicted this month on charges of concealing information about suspected child abuse involving Jerry Sandusky, obstructing the criminal investigation of Sandusky, perjury before a grand jury and endangering the welfare of children.