Public University Presidents Are Prospering, Annual Compensation Study Finds
Source: NYT
In the 2011-12 fiscal year, the nation’s highest paid public university president was Graham B. Spanier, the president of Pennsylvania State University, who was forced out in November 2011 over his handling of a child sex abuse scandal involving a football coach.
According to the annual compensation report by The Chronicle of Higher Education, Mr. Spanier was paid $2.9 million in 2011-12, including $1.2 million in severance pay and $1.2 million in deferred compensation.
“The fact that Graham Spanier turns out to be the highest paid president in the country says something about the nature of compensation packages for people who leave under a cloud,” said Jack Stripling, the Chronicle reporter who worked on the survey. “Severance agreements are often very lucrative.”
Three other public university presidents also had compensation topping $1 million: Jay Gogue of Auburn University, at $2,542,865; E. Gordon Gee of Ohio State University, at $1,899,420; and Alan G. Merten of George Mason University, at $1,869,369. Mr. Merten retired from George Mason last June after 16 years as president.
Read more: http://www.nytimes.com/2013/05/13/education/university-presidents-are-prospering-study-finds.html
http://chronicle.com/article/4-Public-College-Chiefs-Pass/139189/
But wait, aren't those unionized PUBLIC EMPLOYEES the REAL leeches???? That's why we need to elect more Scott Walkers and bust up SEIU, AFSCME, and all those overpaid brats who retire early and do nothing in the REAL WORLD!
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