Executive Compensation at Liberty University (2023)
Liberty University (Liberty) – a private evangelical Christian university based in Lynchburg, Virginia – has been in the news quite a bit over the past few years. Seems the US Department of Education has been investigating Liberty for violations related to the public reporting of campus crime. Faced with a large fine ($14 million), Liberty seems to be in the hot seat again (the Jerry Falwell, Jr sexual misconduct saga that resulted in Falwell’s resignation as President of the university hit the public forum in 2020), although $14 million is a drop in the bucket for Liberty who has nearly $4 billion in net assets. Read more 
Executive Compensation at Liberty University (2022)
Liberty University (Liberty) – a private evangelical Christian university based in Lynchburg, Virginia – has been in the news quite a bit over the past few years. Seems the US Department of Education has been investigating Liberty for violations related to the public reporting of campus crime. Faced with a large fine (estimated to be $37 million), Liberty seems to be in the hot seat again (the Jerry Falwell, Jr sexual misconduct saga that resulted in Falwell’s resignation as President of the university hit the public forum in 2020), although $37 million is a drop in the bucket for Liberty who has more than $3 billion in net assets. Read more
Executive Compensation and Perks and Liberty University (2018)
With the most recent headlines reporting the resignation of Jerry Falwell, Jr. following several scandals including his wife’s affair with another man that lasted from 2012-2018, Falwell’s alleged penchant for watching his wife have sex with the young man, and that Liberty University is said to owe $10.5 million (2 years of salary at $1.25 million a year plus $8 million because his responsibilities were curtailed) to Falwell, we all have to wonder what’s been going on at Liberty University?
When questioned about the $10.5 million in exit compensation, Mr. Falwell said “I didn’t break any rules – I get my compensation.” But the more important question is why the trustees of Liberty University ever entered into a contract with Falwell that would commit the university to paying Falwell $10.5 million if he left the university? Was he that much of an asset to Liberty? Could he have gotten that sweet deal from anywhere else? The answer is probably no and no. So, why did the trustees give Falwell such a generous contract? And, if he didn’t break any rules, why did he tender his resignation to the Board of Trustees and why did they so readily accept it? Read more
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