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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

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