Richard Roberts, ORU Reach Severance Agreement

Leaders at Oral Roberts University (ORU) decided Friday to pay its former president Richard Roberts an annual salary of $223,600 though November 2009.

Details of the severance package included a confirmation that Roberts had paid ORU $23,179 for personal and travel expenses not previously billed to or paid by Roberts. The agreement noted payment included interest because expenses were reportedly incurred prior to 2004.

According to ORU, an independent consulting firm the university selected called Roberts’ compensation “reasonable” and “consistent with competitive practices.”

Roberts, who had served as ORU’s president since 1993, stepped down in November 2007 amid allegations that he and his wife, Lindsay, misspent school funds to finance a lavish lifestyle. They have both denied wrongdoing.

ORU will recoup expenses incurred following Roberts’ resignation by reducing his severance pay against the fair market rental value of housing the Roberts family stayed in prior to moving off campus.

In August, the Tulsa, Okla.-based university began its first full academic year since the scandal last year.

Since his family donated $70 million to ORU last year and instituted a new shared-governance system along with a board of trustees, businessman Mart Green has brought “dramatic, sweeping, campus-wide renovations,” school officials said in a statement.

Ralph Fagin, ORU interim president, said in a statement that the school appreciates the years Roberts invested and “the mission and spiritual heritage” his father, Oral, established. “We move forward with a heightened sense of duty and responsibility to the fruit of this great university—its students and alumni.”



To contact us or to submit an article, click here.


Get Charisma's best content delivered right to your inbox! Never miss a big news story again. Click here to subscribe to the Charisma News newsletter.

Five ways to deepen your relationship with God, increase your faith and save money!

  • Deepen Your Relationship with God with a FREE eCourse: Click Here to view all of our free e-Courses. Favorite topics include Fear, Forgiveness, Holy Spirit, Supernatural, and How to Hear God.
  • Super Discounts and Close-Out Specials: Click Here to view all our bundles and close-out specials and save up to 86%! Prayer, Holy Spirit, Anointing, the Supernatural and more.
  • God Wants to Anoint Women Now: Rise up and enter the anointing of Deborah, Anna, Esther, Ruth and Hannah. You were called to go higher. Click Here to learn more.
  • Change Your Atmosphere and Circumstances Through Prayer! John Eckhardt's prayer bundle gives you six powerful books to help you pray and change any situation. Click Here.
  • HUGE Bible Sale!: Click Here to save up to 50% off a great selection of Bibles. Plus, get a free gift with each order!

Subscription Special: Subscribe to Charisma for Only $24.97 and get a free gift. With your subscription, you'll receive Born For Significance by best-selling author Bill Johnson. View Offer

Attention Pastors and Leaders: Leadership training and development are crucial for success. Enroll in a FREE 1-hour leadership mini-course by Dr. Mark Rutland. View Details

Charisma News - Informing believers with news from a Spirit-filled perspective