Farahi keeps job for another 5 years

By Brian Konchalski

The Board of Trustees, on September 17, voted to extend Dawood Farahi’s, President of Kean University, contract with the university for another five years.

The board voted unanimously on the resolution, 10-0, extending Farahi’s contract until 2018 at his current salary of $293,550 a year, according to numbers obtained by The Star-Ledger. He is still eligible for a $200,000 retention bonus at the end of his current contract, which expires July 1, 2013.