I haven't read much on this, but on the surface, do we actually know if Urban's wife told him about the allegations (not every spouse shares everything) and what, exactly, is Urban's responsibility here? I have a group of ~20 and have had groups of up to 50 and I would not feel responsible for doing something, professionally, if I found out about a situation like this (I'm sure I'd be sympathetic and try to help, but I don't think I'd have any role in disciplining/firing an employee of mine over allegations).
Based on my experience and conversations with others at large companies, companies only terminate based on convictions, not allegations. In fact, we had someone (not in my group) who was alleged to have been involved in some fairly unsavory activities, but it wasn't until that person was convicted that the person was terminated. A good friend had something similar, where the allegations/charges were murder, but they were unable to fire until convicted. I'd imagine it's probably even harder to discipline or fire someone, based on allegations, who works for a public entity, like a State University.
As an aside, this is NOT the JoePa situation, where the alleged crimes occurred in the workplace and on the employer's property, where the manager is absolutely required to escalate the issues to the appropriate level and take disciplinary actions, where appropriate (very appropriate in that case, obviously).