Golden parachute crumples

Three of the people who approved the $621,000 dollar golden parachute for ex-Central Missouri state University president Ed Elliott still support it. But the four new members of the University’s board of governors think it’s a bad idea. So on a 4-3 vote, the university’s board of regents has cancelled the contract. The board had been trying to renegotiate the contract since May, and had rejected a counter-offer from Elliott. The contract was heavily criticized by the state auditor.