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5 comments

1 HappyWarrior  Tue, May 14, 2013 9:12:03pm

Would be nice if they were willing to take paycuts to help lessen the load of tuition among other things but I’m not swallowing my breath.

2 EiMitch  Wed, May 15, 2013 12:28:59am

American colleges, like American hospitals, are unchecked bastions of greed. They squeeze every penny they can out of their customers, and claim that the price gouging is necessary. Meanwhile they quietly pocket multimillion dollar salaries that make people elected to public office look blue collar in comparison.

The legal definition of “non-profit” has wa~ay too much wiggle-room. Basically, so long as you don’t have stockholders to whom you’d owe dividends, you too can have your business classified as “non-profit.” Assuming, of course, that you know and blow the right people.

3 iossarian  Wed, May 15, 2013 6:19:29am

re: #2 EiMitch

American colleges, like American hospitals, are unchecked bastions of greed. They squeeze every penny they can out of their customers, and claim that the price gouging is necessary. Meanwhile they quietly pocket multimillion dollar salaries that make people elected to public office look blue collar in comparison.

The legal definition of “non-profit” has wa~ay too much wiggle-room. Basically, so long as you don’t have stockholders to whom you’d owe dividends, you too can have your business classified as “non-profit.” Assuming, of course, that you know and blow the right people.

I think it’s wrong to characterize the motivations of non-profit organizations and executives as being evil. Having worked in higher ed for quite a while, I can honestly say that the vast majority of senior administrators are genuinely motivated by educational goals.

This is not to say that it isn’t a problem that top-level executive pay increases far outpace everyone else’s. It is. On the other hand, if you were working at a college, and were offered a 3% pay increase, would you take it, or would you turn it down out of a sense of noble self-sacrifice?

As for the issue of tuition increases, the reason that colleges in the US continue to raise tuition and pay their staff more is quite simple, and is explained by supply and demand.

First, demand for college education is kept artificially high by a labor market which does not offer a decent standard of living for non-college-educated workers.

Second, on the supply side, colleges are incentivized to compete with each other by outspending each other (on instructor salaries but also on non-educational costs such as marketing and student services to attract a wealthier clientele). Colleges are also prevented, by law, from colluding with each other to limit the rate of spending growth.

Coupled with the demand side of the equation, this incentive towards competition ensures that all colleges continue to raise tuition and spending. Some of this spending goes towards distorted executive pay, in part because colleges compete with corporations for the people who are deemed capable of doing these jobs.

One solution to the problem is to adopt a European approach to higher education. Under this model, the system is controlled by the government, which selects institutions to fill various roles (elite academic education, vocational etc.). Faculty and staff pay is centrally regulated and hence kept under control. Student choice is limited: you get assigned to a college based on your grades and that’s it. Tuition is kept low or non-existent.

There’s a lot more to be said about this, but that’s the gist of it.

4 Skip Intro  Wed, May 15, 2013 9:52:26am

I think were talking about things like this.

Incoming Cal Poly President Jeffrey Armstrong will be the second-highest-paid executive employee in the Cal State University system when he takes the post next Tuesday — earning only less than Chancellor Charles Reed.

The CSU Board of Trustees on Wednesday unanimously approved Armstrong’s $350,000 salary — making him the highest-paid president in the 23-campus system.

In addition, Armstrong, 51, will receive an annual supplement of $30,000 from the Cal Poly Foundation, a philanthropic organization that handles fundraising for the college — making his earnings $380,000 annually compared with the $471,500 that Reed receives in salary and additional annual supplements.

Armstrong will also be reimbursed for travel and relocation expenses, including for the costs of selling his home in Michigan; a vehicle allowance of up to $1,000 per month; and health and other benefit provisions provided to CSU presidents. He’ll also get up to $5,000 a month in housing reimbursements until he moves into the president’s house on campus in May.

CSU spokesman Mike Uhlenkamp said a complete breakdown of Armstrong’s compensation — such as medical and retirement — was not yet available but would be publicly reported in November. No one from the board of trustees could be reached Wednesday to comment on Armstrong’s salary and compensation.

The $30,000 annual supplement from the Cal Poly Foundation was used as a means of boosting Armstrong’s salary without making his pay too much more than the other presidents in the CSU system, Uhlenkamp said.

During the hiring process, the foundation’s board expressed interest to Reed that the organization was willing to give a salary supplement if that would help attract the best possible president, said Larry Kelley, Cal Poly’s vice president for administration and finance.

The Chancellor’s Office set the cost of the supplement, and the foundation’s executive committee agreed, Kelley said.

Armstrong’s salary is 6.6 percent more than that of former Cal Poly President Warren Baker, who at age 72 was the highest-paid president in the CSU system with a salary of $328,209 when he retired last July.

Read more here: sanluisobispo.com

5 team_fukit  Wed, May 15, 2013 11:27:42am

What kills me is that these lavish compensations for executives contradicts the very idea and mission of a public university.


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