Jerry Falwell Jr. is expected to receive a $10.5 million severance package as he leaves his post as president of Liberty University.
Falwell told The Washington Post that he will receive $2.5 million over the next two years, during which he will not work for a competing institution. He will then receive about $8 million in retirement as part of a contract he signed in July 2019.
“The board was gracious not to challenge that,” Falwell told the newspaper, maintaining “I haven’t done anything.”
Liberty University officially accepted Falwell’s resignation on Tuesday, with the longtime university leader leaving the institution under a cloud of personal scandal.
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Falwell set to get $10.5 million in compensation as he leaves Liberty University https://t.co/Wja1no19tu pic.twitter.com/UUuQOU8Buu
— The Hill (@thehill) August 26, 2020
I don’t understand this world.
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