University of Louisville president’s resignation accepted

University of Louisville trustees have accepted the resignation of embattled President James Ramsey, whose long tenure was dogged by scandal.
    
The action by the school’s new board at a special meeting Wednesday signals the end of an era. Ramsey has led the university for 14 years.
    
He was credited with raising academic standards and boosting the school from a commuter campus to a distinguished research institution. But he came under increasing fire over embezzlement scandals, an NCAA investigation into whether a university employee paid women to strip and have sex with basketball players, and other controversies that hounded the university for years.
    
The board announced Wednesday after six hours of closed-door deliberations that Ramsey will get $690,000 and will resign immediately.

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