BY BOB HOLT
NEWJERSEYNEWSROOM.COM
An expensive contract buyout believed to be based partly on petty disagreements will be sending Rowan University president Donald Farish into retirement sooner than expected. Rowan will pay its longtime president $600,000 over a two year period to retire this year.
The Glassboro school's board of trustees announced Thursday that Donald Farish will be leaving June 30. In October, he had announced plans to leave in June 2012.
According to the Press of Atlantic City, the $600,000 compensation will be paid bi-weekly, and Farish will not get $250,000 in deferred compensation he would have received under his old contract when he left in 2012.
A former local administrator of the state's Home Energy Assistance (HEA) Program was sentenced to five year in state prison Friday for stealing $11,705 from the program.
