Western New Mexico University’s former president, Joseph Shepard, walks away with a staggering $2 million severance after his resignation amid accusations of reckless spending. A state audit revealed $360K in improper expenses, including luxurious trips to the Ritz-Carlton and custom furnishings for Shepard’s home. Despite the controversy, Shepard’s exit package includes a tenured teaching position and guaranteed salary for five years. The hefty payout has sparked outrage among the faculty and state officials.After Burning Through $360K of Public Money, Western New Mexico Univ President Walks Away with a $2 Million Goodbye Gift!
Western New Mexico University’s former president, Joseph Shepard, walks away with a staggering $2 million severance after his resignation amid accusations of reckless spending. A state audit revealed $360K in improper expenses, including luxurious trips to the Ritz-Carlton and custom furnishings for Shepard’s home. Despite the controversy, Shepard’s exit package includes a tenured teaching position and guaranteed salary for five years. The hefty payout has sparked outrage among the faculty and state officials.