BANDUCCI: Bad move, Todd
I had the pleasure of attending Friday night’s Board of Trustees special meeting for NIC. As usual, board member Todd Banducci acted out against the interests of the college.
During the meeting, Banducci made confidential insurance liability documents public. His claim was that he was trying to demonstrate his own lack of culpability. In reality, what those insurance liability documents showed is his involvement in the two largest line items.
The first is a cost of $261,000 for the wrongful termination of the past president. We can discuss whether or not that termination was actually wrongful, but the reality is that a court already determined it was.
The second was a liability cost for the exact same amount $261,000. Making a general assumption, I think both costs are related. Both of those liability costs exceed the proposed salary range for a new president.
My frustration with Banducci’s actions is the consequences the school may be facing. The disclosure of confidential insurance documents is not a great move. The courts may not like the fact that Banducci’s made public, information relating to pending litigation against the school. One of which involves a student.
Will these disclosures harm the legal process or create more obstacles for the new board? We’ll see.