Termination of Contract
Goldin caught wind of the vote, and in a memorandum to the Board dated October 27 apologized "if he had unintentionally offended any trustees in discussions over terms of the job." However, he also reiterated his conditions that Silber not remain as Chancellor or member of the Board of Trustees, saying "there can only be one president", and reminding the Board of their contract.
A settlement was eventually reached between the University and Goldin, the details of which were never released but which sources have indicated included a $1.8 million payment to Goldin, in exchange for his abandoning any claims he may have had against BU. Aram Chobanian, Dean of Boston University School of Medicine, was named President Ad Interim until a new president could be found.
Read more about this topic: Daniel Goldin Presidency Of Boston University
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