KSU president gives up over $90,000 of his salary to boost lowest-paid campus employees | Bluegrass Moms | Kentucky.com A really nice gesture from the president. But why is he earning 350k a year mfg:mfg:mfg:
For fiscal year 2013, Kentucky State University had a proposed total revenue of over $61.8 million, and proposed total expenditures equal to that [pdf]. Is it that surprising that the chief executive of an organization with about $62 million moving in and out each year should be paid just a shade under the national median for a general surgeon?
Perhaps Jonathan is thinking in Canadian terms. Some people earn good money here - I know teachers are well-paid in this province (and deserve to be) but many high-level jobs in Canada pay zip-nada-bupkes compared to US rates. I'm aware many university presidents in the US earn much more than the president of KSU. We've had reports here on the forum of some earning a million-plus - and for-profit schools' head honchos getting 10 million, or even more with bonuses etc. But in a land where a University football coach can earn 5 or 6 million -- is that really any surprise? The whole focus is different here. Maybe that's part of the reason Canadian higher ed. is generally very good and still costs far less than in the US. And maybe that's why we have 50% more US students at our universities than we did a few years ago. Welcome to Canada, eh? :smile: Johann
I believe that college presidents are some of the most humble, under paid, hard working, reasonable, and gracious people on the planet.
If high salaries for public university officials in Kentucky are a concern, then consider the following: - Rick Pitino, Head Basketball Coach, University of Louisville: $ 5,758,338 in 2014 - John Calipari, Head Basketball Coach, University of Kentucky: $ 5,511,381 in 2014 The President of Kentucky State University could work for 15 years at his current salary -- and he still wouldn't match either of those guys.
Sorry - that was nyvrem's post, not Jonathan's. Apologies to Jonathan. And no offense to nyvrem - I realize his opinion likely had no reference to Canada at all. Apologies to nyvrem as well. Well said, by someone who knows all there is to know about being a college president. :smile: Re: Salaries of Rick Pitino, John Calipari et al. My point, exactly. "If you want to get rich, you start a religion.” - Widely attributed to L. Ron Hubbard (Church of Scientology) Or - you could head for the Athletic Department (not the faculty - or the President's office) of a major US University! Johann
Note that the current KSU President took up the position earlier this year -- after retiring as a top executive with General Electric (one of the 10 largest companies in the world). He is only serving as President of KSU on an interim basis, while they search for a permanent President. We can safely assume that his compensation from KSU is substantially lower than what he earned in the private sector, as Vice President and General Counsel for GE. He's not working at KSU for the money, and that's probably why he can afford to be so generous with his salary. And good for him.
Meanwhile, President Foerster shakes his head at the vulnerability of all the university presidents who aren't compensated in gold or Bitcoins or such…
Not at all. Someone who wants those things can buy either pretty easily. But you can't spend either at the grocery store, at least not without inconvenient third party services. Sure, the dollar certainly evaporates over time, but the only time I hear about how it will crash overnight it's from someone selling gold.
Here's an old article on the top-paid presidents of US private research universities. No shortage of million-dollar salaries, it seems - even in 2008. Still, it's far from football or b-ball coach salaries... http://www.nytimes.com/2009/11/02/education/02college.html?_r=1& Johann