TULSA, Okla., November 14, 2008 Oral Roberts University (ORU) today announced the finalization of the Separation Agreement with its former President, Dr. Richard L. Roberts. Based upon information and advice from an independent compensation consultant, ORU has agreed to pay Roberts his $223,600 annual salary for the remaining term of his appointment through November 2009. These payments will be off-set against the fair market rental value of ORU property occupied by ... read more

Reports are that the ORU Board of Directors is reborn with a new vision, and certainly new rules of governance. Richard Roberts and the Oral Roberts Ministry has now moved off the campus to begin a new life somewhere else. And perhaps the best news of all, enrollment hasn't slacked off a bit during the entire process. Out of all the allegations of financial mismanagement, the incredible debt, poor management, lawsuits, and more, perhaps the most lasting impact this episode will have is a lesson in how to move from ... read more

According to The Tulsa World, the Oral Roberts University Board of Regents has accepted the financial offer from Oklahoma City businessman Mart Green. In addition, Board Chairman George Pearsons has stepped down, and Mart Green has assumed his role. ... read more

According to a posting on the Oral Roberts University website, Dr. John Swails who had filed the wrongful termination lawsuit against ORU that started the avalanche that resulted in Richard Robert's resignation as President, has dropped his lawsuit. As a result of mediation, both sides have worked things out and Dr. Swails is rejoining the faculty of the school. Questions remain, since two other professors who also sued the school are continuing their legal action and don't seem to be interested in returning. Also, some are wondering about the potential for criminal wrongdoing if the case goes to court. ... read more

According to the Tulsa World, the Oral Roberts University Board of Regents has officially voted to separate the school from the ministry that founded it. It also voted to accept president Richard Roberts' resignation, and will begin the long search process for a new president. The actions came after a long series of allegations, legal actions, and revelations that seemed to multiply over the last few weeks. Richard's resignation will spare him the painful process of the investigation, although some have suggested possible civil or even criminal penalties pending ... read more