Farahi keeps job for another 5 years
By Brian Konchalski
The Board of Trustees, on September 17, voted to extend Dawood Farahi’s, President of Kean University, contract with the university for another five years.
The board voted unanimously on the resolution, 10-0, extending Farahi’s contract until 2018 at his current salary of $293,550 a year, according to numbers obtained by The Star-Ledger. He is still eligible for a $200,000 retention bonus at the end of his current contract, which expires July 1, 2013.
The decision was also made 4 days after a Visiting Team expressed confidence in the university that it is making improvements in 4 standards.
“I am happy that the board voted confidence in me,” Farahi said, “And I’m ready to get to work another day.”
The vote comes after a turbulent year for the school. During the summer the Senate Faculty voted no confidence in the president.
The university had been placed on probation with Middle States for failure to comply with 4 of the organizations standards for accreditation
It also comes off the heels after last year’s controversial decision to keep Farahi as president, after it was alleged that the university president had falsified documents on his resume.