SUNY Upstate President David Smith resigns amid investigation into compensation
Thu, 07 Nov 2013 23:36:52 GMT —
State University of New York Upstate Medical University President David R. Smith has resigned amid questions about his compensation, the Albany Times-Union
Smith was placed on paid leave earlier this week after SUNY leaders learned he was padding his state pay without permission. He was scheduled to be announced as the 18th President of Pennsylvania State University when the allegations surfaced, according to the Times-Union.
On Wednesday, SUNY Chancellor Nancy Zimpher addressed Smith's alleged actions in a letter that outlined four directives for Smith, including "substantial repayments." The exact amounts of the repayments have not yet been determined.
Zimpher says preliminary information indicates that Smith accepted a substantial increase in his compensation from the Pediatrics Service Group, LLP, which was not approved by Zimpher, and involved himself in a deferred compensation plan through MedBest Medical Management, Inc., an entity affiliated with the Upstate University Health System. Zimpher says Smith received nearly $350,000. The two companies have been the beneficiaries of major multi-million dollar contracts with SUNY Upstate.
Zimpher has named Dr. Gregory Eastwood officer-in-charge of SUNY Upstate Medical University effective immediately. He previously served as president of Upstate from 1993-2006.