UMDNJ Prez to Get $380K After Leaving
One of New Jersey's top university administrators will continue to draw a salary after stepping down this week.
William F. Owen has led the University of Medicine and Dentistry of New Jersey for the last four and a half years.
Owens' contract was to have expired in June. But two weeks ago UMDNJ announced he would resign at the end of the month. Owens earns $570,000 per year. The Star-Ledger of Newark reports he'll continue to receive his salary for eight months while serving as a consultant for his successor. That amounts to $380,000.
The separation agreement doesn't say how much consulting work Owens is expected to provide.
The university didn't provide the newspaper with further details.
(Copyright 2011 by The Associated Press. All Rights Reserved.)