Ex-head of Oral Roberts Univ. to get severance

Televangelist resigns from post amid allegations of misspent school funds

Video: Education

Iranian-American goes from grad student to government threat
Nov. 24:Esha Momeni, an Iranian-American student who was jailed in Tehran for protesting the country's elections, has returned to the U.S. and talks about her time in prison. NBC's Ali Arouzi reports.

Where was the first Thanksgiving?

Students too fat to graduate?

Vitter: Louisiana a capital of charter schools

Principal pushes students to recover, soar

Breaking news alerts (about 1 per day)
Click here to sign up or text NEWS to MSNBC (67622).

Find more alerts at alerts.msnbc.com

NBC Field Notes

NBC News correspondents and producers across the U.S. shed light on the news of the day.

Photo features

Reuters	The Week in Pictures Fiery soccer celebration, ground zero, big yellow taxis, meteor shower, the Taj Mahal reflected and more news and feature photos from around the globe.
Moody Pet via AP	PhotoBlog View and discuss the pictures and issues that caught our eyes.

updated 8:03 p.m. ET Aug. 13, 2008

TULSA, Oklahoma - The former president of an Oklahoma university founded by televangelist Oral Roberts, who stepped down amid allegations he misspent school funds to live in luxury, was offered a severance package but officials would not divulge its terms.

Roberts' son, televangelist Richard Roberts, resigned from Oral Roberts University in November.

He and his wife, Lindsay, were accused of dropping money on shopping sprees, home improvements and a stable of horses for their daughters at a time when ORU was more than $50 million in debt. Both have repeatedly denied wrongdoing.

Story continues below ↓

advertisement | your ad here

Billionaire Oklahoma City businessman Mart Green took the reins at ORU in January, donating $70 million and pledging to restore the public's trust in the small evangelical school.

On Wednesday, Green called the proposed severance agreement "fair, reasonable, and in the best interest of ORU." The package needed finalization, and Green refused to comment further on the details.

Frank Hagedorn, Roberts' attorney, confirmed the negotiations.