A preliminary reaction to just one small part of the story:
A source told ESPN that Starr could not be easily dismissed because he was, in addition to being Baylor's CEO, a "tenured professor." This, in my opinion, is a bogus excuse that accomplishes three purposes. First, it lets the Baylor board off the hook ("look...see...our hands are tied"); it further fuels the widely held (and typically conservative) public view that tenure, like a unionized faculty, is a corruption of the system. Finally, it also preserves Starr's influence on his campus, if not his entire salary.
As Baylor is a private college, it is unlikely that their tenure rules lack a "morality clause." But Baylor seems to have chosen not to invoke it.
As a retired college faculty member, I can say with certainty that the laws of my state do NOT protect faculty employees from outright dismissal in circumstances such as these. In other words, if Baylor's board wanted to save Ken Starr, let them just say that.
Yes, it is very early to take any legal position on the larger mess at Baylor. One can only imagine the civil suits awaiting in the wings today. But using tenure as a disguise in this matter is rather shallow, to say the least.