9 public college presidents' pay tops $1 million

dmcowen674

No Lifer
Oct 13, 1999
54,889
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www.alienbabeltech.com
5-18-2014

http://www.wthr.com/story/25549462/9-public-college-presidents-pay-tops-1-million

9 public college presidents' pay tops $1 million



A new survey says the number of public college presidents earning over $1 million more than doubled from the year before.


Public college presidents first exceeded the $1 million total compensation mark in 2006-2007.


Gordon Gee topped the list, earning $6.1 million at the helm of Ohio State University.



Gee resigned that post last year after making comments about Roman Catholics, the University of Notre Dame and Southeastern Conference schools. He is now president of West Virginia University.
 

cubby1223

Lifer
May 24, 2004
13,518
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When entities are not bound by balance sheets things like this tend to happen.

The government keeps upping the payouts to public schools for political votes, the increasing sums must be spent.
 

UglyCasanova

Lifer
Mar 25, 2001
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Out of curiosity what do you think the pay should be for the president of these mega-institutions? I'm not saying I think that this pay is too high or not, but what should the target be?

And for the example in the story I think the president of Ohio State is paid for running a semi-pro sports program with a college attached. The pervasiveness, cost, and pointlessness of having sports programs attached to higher ed is a much larger problem than the presidents' pay.
 

z1ggy

Lifer
May 17, 2008
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It is pretty crazy how much some of them make..But their responsibilities and ownership of certain things should give them fairly hefty paychecks. Considering any little thing that goes wrong on campus and it's their head on the chopping block probably warrants quite a bit of stress.

$1M worth of stress? I'm not sure. I do know that college is getting incredibilty expensive for people to attend, but I'm not sure if president salaries are the real reason. The reasons probably belong in another thread though.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
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Maybe that's why my daughter's books are going to be $1,200 this semester with little chance to buy them used as they must have an access code for a web based portion of the class to function.

Oh well, good work if you can get it. I'm sure that many in here will applaud them for getting their millions while at the same time slamming teachers for their 'high' pay. /sarcasm.
 

fskimospy

Elite Member
Mar 10, 2006
86,726
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When entities are not bound by balance sheets things like this tend to happen.

The government keeps upping the payouts to public schools for political votes, the increasing sums must be spent.

This is a strange thing to say for several reasons.

First, private college presidents usually make more money than their public counterparts for similar institutions. If a 'balance sheet' was the issue here that shouldn't be the case.

Second, governments have hugely cut spending on higher education over the last five years. That's the exact opposite of what you're saying.
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
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londojowo.hypermart.net
Did you forget to take your medicines this morning? LOL You really love to troll people on this forum don't you? Like I said.. sad..

Why don't you go back to your cop hating loser thread and fap over that cop being beat up as others watched. I'm sure you fapped for a over an hour when you found that tidbit.
 

PokerGuy

Lifer
Jul 2, 2005
13,650
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That's a lot of money, but when you look at the pay for that position, you have to determine what the normal going rate is for someone with the skills/experience/talent to be successful in that job. You're talking about billion dollar institutions with thousands of employees in some cases, definitely big enterprises. I don't think it's absurd to see heads of such large enterprises making millions.

The other factor of course is that the marketplace for college tuition / costs has been skewed by government backed student loans etc, and the fact that people can't discharge student loan debt in bankruptcy. Without that skewing, costs for tuition etc would surely be driven down more by competition.
 

GarfieldtheCat

Diamond Member
Jan 7, 2005
3,708
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Yet another "Boohoo, someone has money and I don't" thread by McOwned

Just another threadcrap post by londotroll. That makes what, about 11,000 of your posts here as trolling?

Haven't you reported yourself for trolling yet? You claim to report violations, but you seem to be a major offender. How do you reconcile this?
 

GarfieldtheCat

Diamond Member
Jan 7, 2005
3,708
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Poor thing, have a nice butthurt day.


So no comment on your trolling? Typical. Another "the rules don't apply to me, but I will report everyone else". Just another lie you admit to. Typical of trolls.

I'm not the one trolling, so I'm not having a bad day. I've read that many people are thinking that trolling is a sort of mental illness, so maybe go seek professional help?
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
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londojowo.hypermart.net
So no comment on your trolling? Typical. Another "the rules don't apply to me, but I will report everyone else". Just another lie you admit to. Typical of trolls.

I'm not the one trolling, so I'm not having a bad day. I've read that many people are thinking that trolling is a sort of mental illness, so maybe go seek professional help?

LMAO!!!!!! Poor thing so butthurt that all the evil cop threads were lumped together into one thread.
 
Feb 6, 2007
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Isn't it better that money is going towards educational institutions and not more tax subsidies for major corporations? What's the complaint here? It's like you won't be satisfied until we have specific salaries for every job and they're all within a few bucks of each other.
 

Fern

Elite Member
Sep 30, 2003
26,907
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The top guy earning $6.1 million is an outlier. Almost $5 mil of that came from deferred pay/retirement and severance.

All the others on the list make only +$1 mil, none make $2 mil.

Many of them retired that year, so it's possible retirement pay/severance pushed them over the $1 mil mark. I.e., it's atypical.

http://www.huffingtonpost.com/2014/05/18/public-college-presidents-1-million_n_5349241.html

I think it's hard to judge whether this is too much money. Too many unknown factors.

Some university presidents oversee a large number of campuses in the state.

As has been pointed out above, state govts, in at least some public university systems, have been cutting funding. The university president is responsible for assuming the responsibility to raise private money to help. E.g., the president at my alma mater receives a bonus of $100K for $100 million of private funds he raises. That's a commission of .1%, very reasonable IMO.

Fern
 

Pulsar

Diamond Member
Mar 3, 2003
5,224
306
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The top guy earning $6.1 million is an outlier. Almost $5 mil of that came from deferred pay/retirement and severance.

All the others on the list make only +$1 mil, none make $2 mil.

Many of them retired that year, so it's possible retirement pay/severance pushed them over the $1 mil mark. I.e., it's atypical.

http://www.huffingtonpost.com/2014/05/18/public-college-presidents-1-million_n_5349241.html

I think it's hard to judge whether this is too much money. Too many unknown factors.

Some university presidents oversee a large number of campuses in the state.

As has been pointed out above, state govts, in at least some public university systems, have been cutting funding. The university president is responsible for assuming the responsibility to raise private money to help. E.g., the president at my alma mater receives a bonus of $100K for $100 million of private funds he raises. That's a commission of .1%, very reasonable IMO.

Fern

Dear god, actual conversation.

Our local school superintendents make in excess of $150k a year. They handle an elementary, middle school, and high school. As far as we can tell, they do nothing and the vast majority of the local teachers have no guidance and suck. The admin's claim to fame is cutting costs, but they've done that by letting the majority of experienced teachers retire and hiring new fresh-from-college teachers who have no clue how to actually teach. In fact, one was just removed for having sex with a 13 year old middle school female. #winningoncost. The students don't even have textbooks, so when they need help or additional examples, they're shit out of luck.

So in that vein, the big University paychecks are probably in line.
 

SlickSnake

Diamond Member
May 29, 2007
5,235
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What is more relevant to me, is the ridiculous amounts of money completely wasted on collegiate sports endeavors to make the donors and frat boys happy at the expense of education, you know, the reason people supposedly go to college in the first place.

This article and image, blogged by a college professor, represents the top paying jobs of public employees, by state. And something is very, very wrong with this picture.

interesting-maps
fun-maps-2-24.jpg


The above map, from here, really demonstrates how completely insane higher education has become.

That's a map of highest paid public employees, by state.

State by state, every state, the highest paid public employee is in higher education. Not the governor, not a senator, not some life-saver...but someone in higher education.

Yes, most of it is coaches, so I guess the time for me to talk about the immense fraud of college athletics draws nigh...but the fact remains, higher education is a system of plunder, devoid of integrity. All the money poured into higher education has not gone to education, or to educators.

And the picture tells the tale.
http://professorconfess.blogspot.com/2014/05/a-picture-sure-is-worth-alot-of-words.html
 
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Engineer

Elite Member
Oct 9, 1999
39,230
701
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What is more relevant to me, is the ridiculous amounts of money completely wasted on collegiate sports endeavors to make the donors and frat boys happy at the expense of education, you know, the reason people supposedly go to college in the first place.

You do realize (probably not) that many of those coaches are at programs that bring in FAR MORE than what they pay out to the coaches? I would tend to say that most not only completely fund their sport, but many of the other university sports as well.