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New Mexico State University regents are still refusing to explain why they decided outgoing President Barbara Couture was entitled to a golden parachute amounting to $453,093 though she officially resigned to take a job in Washington, D.C.
“The reality of it is there’s only so much I can share with you related to the specifics,” said Board of Regents Chairman Mike Cheney, the only one of five regents to respond to a list of e-mailed questions about Couture’s pay-out. “The overall settlement included that number, and it was felt by the president and the Board of Regents that that was a fair number.”
Cheney said the funds to cover Couture’s payout will come from the university’s budget, not donors, by postponing the filling of an undisclosed number of administrative staff positions.
More on the story in Wednesday’s Journal. Read it here.
Below are the separation agreement between NMSU and Couture and her contract.
-- Email the reporter at rromo@abqjournal.com. Call the reporter at 575-526-4462
