The Chronicle, 10/28/2005: Senate Investigates Board of American University Over Compensation of President and Other Financial Matters

The Chronicle, 10/28/2005: Senate Investigates Board of American University Over Compensation of President and Other Financial Matters: "Senate Investigates Board of American University Over Compensation of President and Other Financial Matters

By Grant Williams
Washington

American University and its Board of Trustees are under investigation by the Senate Finance Committee over the severance pay and compensation paid to the institution's former president, Benjamin Ladner. The controversy over Mr. Ladner's remuneration is bolstering efforts by the committee's chairman, Sen. Charles E. Grassley, to impose new rules on charities and their boards. In a four-page letter to the board, Mr. Grassley, an Iowa Republican, said he was 'deeply troubled' by the way trustees handled Mr. Ladner's departure."