During a seven hour meeting Wednesday, the University of Louisville Board of Trustees made a decision to accept the resignation of President James Ramsey, effective immediately. The university is facing scrutiny over separate scandals that involve allegations of financial misdeeds and sex parties for athletes.
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Ramsey will receive a $690,000 settlement and has agreed not to sue the school, as Kate Howard of member station WFPL in Louisville reports.
The action by the school’s new board at a special meeting Wednesday signals the end of an era. Ramsey will be paid $690k in the process.
The new date of the meeting is yet to be announced but the agenda will remain the same.
After some confusion earlier this month, Bridgeman said that Ramsey did offer his resignation during a closed session of the board on July 13. He’s always going to talk about what’s best for the university.
Ramsey also drew public ire previous year after hosting a Halloween-themed luncheon at which he and other staff members dressed in stereotypical Hispanic garb.
In addition to the ongoing investigations, other matters are also unsettled at Louisville.
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Meanwhile, Franklin Circuit Judge Phillip Shepherd may rule this week on Attorney General Andy Beshear’s motion for a restraining order blocking the new board to act. “If that happens”, Howard writes, “the old version of the U of L board would be reconstituted”.
