In addition to his large financial demands, university president R. Bowen Loftin wanted a host of other perks and tried to cover up the story according to a report from Kelsey Magliolo of the Aggie Guardian.

Going Out in Style: Texas A&M President Loftin’s Multi-million Dollar Transition Requirements

It’s the document Texas A&M University President Dr. Bowen Loftin never wanted you to see: The document containing over a dozen demands that, if approved, would have had a price tag of at least $2.5 million over the next three years, including $2,000,000 in compensation for Loftin.

“I would suggest that you delete the attachment once you have read it and provided back to me any guidance you may have.  Thanks, Bowen,” Loftin wrote in an email sent on July 3, 2013 to TAMU Provost Karan Watson and TAMU CFO B.J. Crain.

Deleting emails and computer files is a technique sometimes practiced by university employees to avoid transparency through the Texas Public Information Act.

Ironically, it was Loftin who failed to “delete the attachment.”

It’s what some students described as a “dream deal.”  In the “Deal Points” document, Loftin demanded numerous terms as part of his agreement to resign from the president post in January 2014:

  • “Granting of a one-year development leave at the current compensation that I receive”
  • “Upon my retirement as President payment of an amount equal to twice my annual compensation”
  • “Continuation at my current salary during my service as a full-time faculty member at Texas A&M University”
  • “Two long academic semesters will be scheduled with no formal teaching assignments.”

“I set forth the basic terms of that I would require upon my retirement as President and my return to the faculty,” Loftin wrote.

“I believe it is pretty excessive,” said Matt McNairy, a junior history major.  “He is like a politician who gains a lot of money but doesn’t do anything for his constituents.”

The Aggie Guardian received Loftin’s “Deal Points” document at 5:30 pm on Thursday, August 22, 2013 in response to a Texas Public Information Act request filed on July 12, 2013.  (Click here to view the complete document of Loftin’s Deal Points.)


 
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