Ex-Stevens Institute of Technology president has netted more than $5M from school since resigning

By Kelly Heyboer/ The Star-Ledger

HOBOKEN — Stevens Institute of Technology’s former president has received more than $5 million from the university since he left in 2010 amid allegations of financial mismanagement at the school, campus officials said Wednesday.

The payout to Harold Raveché — which came shortly after Stevens made a deal with the state to settle a lawsuit over the Hoboken school’s financial and governance problems — included consulting fees, severance pay, retirement benefits and other cash.

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