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Competitors' Corner

October 14, 2003
October 14, 2003

The University of Tennessee Board of Trustees voted unanimously last week to rescind a $422,956 severance package that had been negotiated with former president John W. Shumaker, who resigned in August. The vote came one day after the state comptroller's office released a report stating that Shumaker had abused university credit cards and, more seriously, had misled UT's internal auditors. According to the report, Shumaker failed to provide credit card receipts, altered his calendar and claimed some personal trips as business trips. Alteration of his calendar may have violated Tennessee law. The Comptroller's Office has referred those matters to the state attorney general. For the full article, see the Oct. 13 edition of The Chronicle of Higher Education, at http://chronicle.com/prm/daily/2003/10/2003101303n.htm