DUNDEE UNIVERSITY was accused of rewarding failure today after shelling out almost £300,000 on principals who had left it with a £36 million financial black hole and hundreds facing redundancy.

Professor Iain Gillespie, who announced the deficit and promptly resigned as principal and vice-chancellor in December 2024, received more than £152,000 to cover his legal costs and contractual six-month notice, the institution’s accounts show.

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