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(AJC) — The revelation that Clark Atlanta University paid its former president more than $1 million the year he retired shocked and angered  faculty and many alumni, but the chairwoman of the university’s board of trustees says it was a good deal for the financially struggling school.   In his final year at Clark Atlanta, 2008, Walter Broadnax was among the 30 highest-paid private-college presidents in America, according to the annual salary study by the Chronicle of Higher Education, which was released last week. His total payout that year came to $1,158,537. “The contractual payout amount was not out of line with the job we were asking Dr. Broadnax to do,” board chairwoman Juanita Baranco said. “He came in and literally transformed the university, so the contract was a sound business judgment when we entered into it in 2002.. I do want to emphasize that this was a unique situation.”

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