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Stock impact report

USC president to step down amid scandal involving university gynecologist [USA TODAY]

Microsoft Corporation (MSFT) 
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Company Research Source: USA TODAY
USC President C.L. Max Nikias presides at commencement ceremonies on the campus in Los Angeles. (Photo: Richard Vogel, AP) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE LOS ANGELES — The president of the University of Southern California has agreed to step down amid a raging sex scandal involving a university gynecologist who is accused of conducting inappropriate exams for decades, the chairman of the school’s board of trustees said Friday. The university’s board has “agreed to begin an orderly transition and commence the process of selecting a new president,” Rick J. Caruso, the board’s chairman, said in a letter to students and faculty members. The letter did not say when C.L. Max Nikias would leave his post. “We have heard the message that something is broken and that urgent and profound actions are needed,” Caruso said. The announcement came days after hundreds of students, professors and alumni demanded Nikias’ ouster, alleging that USC faile Show less Read more
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