In CA: USC’s huge parting gift; an expensive oil and gas bankruptcy; home sales soar

in Around California

Under pressure to resign, USC President C.L. Max Nikias left with a generous separation package, tax records show. And why a bankruptcy by the state's biggest oil and gas producer could cost taxpayers big. Plus: Home sales see a resurgence.

USC President C.L. Max Nikias, who stepped down in the wake of a sex abuse scandal, walked away with a compensation package worth nearly $7.7 million, a USA TODAY review of just-released tax documents show.

University officials declined to talk to USA TODAY, but a statement from the USC Board of Trustees said the board voted to honor Nikias’ contract and agreed “to certain other provisions to accelerate his departure.”

Continue Reading on USA Today

Tags: