WSJ News Exclusive | Jerry Falwell Jr

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WSJ News Exclusive | Jerry Falwell Jr. May Be Owed $10.5 Million by Liberty University

After resigning as the president of Liberty University, Jerry Fallwell junior is expected to receive $10.5 million in compensation in the next two years. The president resigned after a series of scandals based on a source close to him. The sum should be paid on two fronts: a lump sum of approximately $8 million and a $1.25 million salary accrued over two years. The amount is due to a clause inserted in his contract clause, which allows him to resign whenever he wants but is legible for a total payment. In his capacity. He has also agreed to serve in a consultancy position. The board has already accepted his resignation. In an official statement, the school board indicated that they used most of the meeting about Mr. Falwell's resignation to focus on the university's future and strategies to ensure that the company remained on its course.