May, 2014: The Institute for Policy Studies reported that the University of Minnesota was the third worst school in the country when it came to “excessive executive pay, faster than average rising student debt, inflated nonacademic expenditures, and large increases in low-wage and/or contingent faculty. July, 2014: University of Minnesota President, Eric Kaler, accepts a 2.5% raise -- might not sound like much, but it brings his base pay to $625,250 per year. The goal? By 2020, Kalers total compensation (including all the extra goodies plus retirement plan) will reach close to one million dollars. His response? “I think there’s no doubt it’s a large salary [...] but we’re in a marketplace.” August, 2014: Kentucky State University Interim President, Raymond Burse, gives up more than $90,000 of his salary. Why? He wanted to make sure that the university workers earning minimum wage could get a $3/hr raise, increasing it to $10.25/hr. This, on an annual salary set at $349,869 for the year. These measures are not inconceivable. If the guy making approx. half of what Kaler makes (and who was only serving as president for one year) did it, these measures are more than realistic and can be applied to areas of need that would make this campus truly diverse, in every sense of the word. Lets get those bathroom signs changed. Lets get faculty lines for Ethnic Studies. Lets get structural support for the student cultural centers. Lets make our buildings ADA compliant. Lets get that emergency scholarship going. All it takes is will. huffingtonpost/2014/08/04/president-gives-up-salary-psu_n_5647997.html
Posted on: Thu, 07 Aug 2014 19:13:13 +0000
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