Rutgers president to resign, return to teaching

NEW BRUNSWICK, N.J. - Rutgers University president Richard McCormick plans to step down as head of the state's largest university in June to return to teaching.

McCormick, 63, will formally submit his resignation as Rutgers' 19th president on Tuesday in New Brunswick, he told the Newark Star-Ledger newspaper.

McCormick implemented a historic restructuring of the 57,000-student university but has been criticized as lacking the charisma needed to lead the university. After leaving his $550,000-a-year post, he plans to take a yearlong paid sabbatical, then return to the Rutgers faculty in 2013 as a history professor earning $335,000. He would become one of the highest-paid faculty on the campus.

McCormick said he was looking forward to spending more time with his wife and their 16-month-old adopted daughter, Katie. - AP