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Adelphi University Hires a New, Cheaper President

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<i> Associated Press</i>

Adelphi University has hired a new president for less than one-third of the salary that led to the eviction of his predecessor and the school’s board of trustees.

The 102-year-old private liberal arts school said Monday it will pay $250,000 a year to Matthew Goldstein, currently president of Baruch College in New York City.

He succeeds Peter Diamandopoulos, whose salary and benefits totaled $837,000 a year.

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