Richard Roberts has resigned as president of Oral Roberts University and the Board of Regents officially began a search for a new president. It is the school’s survival not its leadership that is now in question.
As noted on earlier entries, there is also the question of whether Roberts will be indicted for these expenditures as were corporate executives. The allegations against Roberts are very similar to those of the Tyco executives. Yet, non-for-profit leaders are rarely subject to the same standards or criminal liability — despite a long history of abuse by university presidents and non-for-profit leaders.
There is also the question of whether the Board will show that it is finally working for the university rather than the family in bringing a civil lawsuit for fraud and other claims. These excesses could only occur with a hand-picked and passive board — a common problem in universities.
For the original allegations, click For a column on abuses among non-for-profits, click <a here