By Stephen M. Silverman
Updated April 29, 2002 08:54 AM

The National Academy of Recording Arts & Sciences’ board of trustees and its president and CEO, Michael Greene — the people behind the Grammys — reached a settlement agreement over the weekend that includes Greene’s resignation from his post, it was first reported in the Los Angeles Times. The agreement, says the Hollywood Reporter, includes an $8 million severance package for Greene, whose ouster after 13 years in the job stems from a growing controversy surrounding sexual harassment claims against him. (In February, the Academy reportedly paid a $650,000 settlement to a former Grammy executive who claimed Greene had sexually harassed her.) According to news reports, the NARAS board of trustees held an emergency meeting at the Beverly Hilton Hotel on Saturday to discuss the results of a board-commissioned independent investigation into the harassment allegations. In a statement released late Sunday, Garth Fundis, chairman of the board of trustees, said that the results of the independent investigation revealed no misconduct on Greene’s part. The Academy said that Greene will stay on as a full-time consultant until September, and will consult part-time thereafter. Greene, 52, said in a statement: “I am so proud of what we’ve been able to accomplish together over the past 13 years and am gratified by the growth and success of the organization and our mission.”