So the poor Wall-Street fat-cats are wincing at a $500,000 pay cap? They just picked the wrong job. A recent article in the Columbus Dispatch reported that the presidents of Ohio's public universities and their senior
According to figures compiled by the Associated Press, the 154 individuals at Ohio's 14 four-year public institutions made a combined $34.6 million last year.My own university's president makes less than $400,000, a comparatively penurious sum. Of that, $85,000 came from this year's raise alone (about a 30% increase on his previous base). Elsewhere in Ohio, Miami University's president is foregoing his $68,000 performance bonus. No word of anything similar happening here.
They were led by Ohio State University President Gordon Gee, the highest paid public university president in America. He makes $775,008 a year before bonuses. [My emphasis. WTF does he make after bonuses??!!]
A 6 percent pay cut akin to what Strickland is seeking from unionized agency workers would amount to a $2 million savings if applied to university presidents and other top university officials.
Instead, my university has hired a headhunting firm to control the search for our next provost. According to the Athens News, the headhunters will be paid a quarter of the new hire's first-year salary. The outgoing provost makes $264,000. Administrators are not typically hired at lower salaries than their predecessors, so my university will likely shell out over $65,000.
For that amount they could hire:
- one well-paid assistant professor
- one-and-a-half instructors at my current level
- five people working under my former conditions as an adjunct
- or a scant one-fifth of our current president.