Mark Schlissel, booted four months ago as University of Michigan president, has worked out a cushy package with the school that includes a $463,000 payment to take a one-year leave. After the year, he can return as a tenured faculty member with a $185,000 salary, and get health insurance upon retiring, The Detroit News reports.
The UM Board of Regents fired him after they determined he had an inappropriate relationship with a subordinate.
The six-page settlement, signed by Schlissel last Thursday, includes this written apology to the eight-member Board of Regents:
"I apologize to the regents and the university for the poor judgment I exercised by engaging in a close personal relationship with a university employee.
"The relationship was entirely consensual, was never physical, and did not involve the inappropriate spending of university resources. But in a time when we have been trying to strengthen the bonds of trust at the university, it is particularly important that campus leaders avoid even an appearance of impropriety. I am also sorry for any disruption this has caused to the conduct of U-M’s important mission."