Embattled Oral Roberts University President Resigns
TULSA, Okla. — The embattled president of Oral Roberts University resigned from his position Friday, officials said.
Richard Roberts' resignation is effective immediately, according to a statement e-mailed from George Pearsons, chairman of the school's Board of Regents.
Roberts and the university have come under fire since a lawsuit was filed by three former professors accusing him, among other things, of misusing school funds to support a lavish lifestyle.
The evangelical school's regents will meet Monday and Tuesday to determine action in the search process for a new president, Pearsons said in the statement....