Ohio State Gives President Pay Increase, Bonus

[OhioChick]

POSTED: 1:23 pm EST November 8, 2008

COLUMBUS, Ohio -- The president of Ohio State University will receive a $27,000 pay increase and a bonus of $310,000 for his performance in the first year of his second term.

The board of trustees approved a plan Friday to raise president Gordon Gee's base salary by 3.5 percent, from $775,000 to more than $802,000. They also approved a 40 percent performance bonus and a retirement supplement paid for by private donations.

Gee led Ohio State from 1990 to 1997 and returned last year when president Karen Holbrook resigned after five years.

In her final year, Holbrook had a base salary of $380,000 and a bonus of up to 25 percent.

Board chairman Gil Cloyd says Gee's compensation honors his exemplary leadership and three decades of experience.

Kids can't afford college, parents can't afford to send them.....then I read this? :wtf:
:grr:

[mtnester]

1. The problem I have with this is not what they are paying Gordon Gee...it is the appalling

disproportionately low salary they were paying Karen Holbrook.

Wondering about the difference between a man and woman in the exact same position (no I am not, I know the answer to that one, shoot I am a woman living in a world still that does this)

[realisticphish]

2. imho

it was because she sucked. All the students hated her... she basically ignored undergraduates once they were enrolled. I don't know, maybe that had nothing to do with it, but i'm just putting it out there

[mtnester]

4. But they kept her for 5 years

I know Gordon Gee is a real treasure, but the disparity is amazing...payscale is not a popularity contest.

[realisticphish]

13. granted

probably didn't matter, i'm just saying that she sucked ;)

[mtnester]

14. I hear ya! nt

[Fuzz]

3. Football coaches?

College Football Coaches Salary Comparison

How does Paterno compare to other coaches? He's actually below the average college football coach salary of $950,000. That's not counting benefits, subsidized housing, incentives or any other perks, according to USAToday.com. In fact, 42 of the 119 Division I-A coaches are earning $1 million or more; Oklahoma coach Bob Stoops earns $3 million annually.

Coaches Jim Tresse (Ohio State) and Mack Brown (Texas) are among nine coaches earning more than $2 million. According to the New York Times, some of the highest paid college football coaches include Alabama's Nick Saban with an eight-year deal worth almost $32 million and Texas A&M coach Dennis Franchione with a $2.09 million annual salary. Today, college football means big bucks, for some.

[OhioChick]

6. That's pathetic. n/t

[realisticphish]

12. Jim Tressel is not paid by the University

he is paid by the Athletic Department, which financially totally separate from the University. In fact, the AD has given 5 million dollars to the OSU Library renovation, and Jim Tressel has personally given a great deal to the University as well.

If the AD can afford it, more power to them :shrug:

[Double T]

5. This GIANT SPHINCTER thinks he is working on wall street.

More than 3/4 of a million dollars per year for a college president; have we completely lost of 'F'ing minds???? The board of directors should be hung by their toes from the highest trees.

[OhioChick]

8. I read within the last year that many college presidents

make close to or over 1 mil a year. That's a disgrace.

[ihavenobias]

9. Wow

When will a college president weigh in here?

;)

[Double T]

10. Now I know what they mean when they speak of 'higher' education.

These college presidents and boards of directors are the problem and certainly not the solution. The business as usual mentality will insure WE never will recover from our current economic and financial disaster; the elite choose to ignore the problem.

[OhioChick]

11. Of course it will be ignored

Pockets are getting fatter.

[Azlady]

7. I know that Obama hopes to fix our Education.... I think

this link needs to be sent to change.gov
How can they even REASON this away. I am floored at this type of salary & bonsus, looks like the Corporate greed has clearly moved over to our Education system. Those living in Ohio need to let their voices be heard! This is CRAZY!