University of Louisville

University of Louisville president's resignation accepted

University of Louisville trustees accepted the resignation of embattled President James Ramsey, whose long tenure was dogged by scandal.

The action at a special meeting of the school's board signaled the end of an era. Ramsey, a former state budget director, has led the university for 14 years.

After six hours of closed-door deliberations, the board announced late Wednesday that Ramsey will be paid $690,000 and will resign immediately, with an agreement not to sue the school.

Ramsey 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 for embezzlement...

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