Connecticut college chancellor accused of misusing funds steps down but keeps $442K salary.

Connecticut's largest public college system chancellor, Terrence Cheng, faced criticism after a CT Insider investigation revealed he used student and taxpayer funds for costly personal expenses. Despite stepping down, Cheng will receive his $442,000 salary for a year. Lawmakers criticized the deal as "unconscionable" and "maddening" after the state comptroller and auditors found troubling misuse of expense accounts and questioned a $21,000 relocation payment for Cheng, who lives in New York.