Tonight the UofL Foundation was supposed to hold an executive meeting. The primary topic of the agenda: James Ramsey’s resignation as Foundation President.
By now we know that Ramsey is going down swinging. The meeting was canceled, keeping him on as the head of the foundation a little longer.
The reason for canceling the meeting is abnormal. The Courier-Journal obtained a letter from Larry Benz, a foundation and board of trustees a chair, to Bob Hughes. Hughes is a foundation chair and the Ramsey supporter that said he would speak with Matt on KSR, yet we’re still waiting.
In the letter to Hughes, Benz essentially said that continuing to pay Ramsey is a disservice to the institution. Benz is worried that in the termination process, Ramsey might get a compensation deal similar to what he received from the board of trustees. With this issue lingering, Hughes called off the special meeting five minutes before its planned start.
The board will meet at a to be determined date later this month to move forward with the removal of Ramsey, even though it will surely take much, much longer than anticipated.