Ferentz not the most overpaid University Employee (by a long shot).

W

WinOneThisCentury

Well-Known Member
She must be so proud residing over the unofficial "#1 Party School in America" and pulling in this kind of dough. Policing the one quarter of one percent has it's perks...$1.140 million of them. I'm still peeved about the police state around Kinnick on game day...sorry, i have to learn to let things go.


The Chronicle of Higher Education released its new “Executive Compensation at Public Collegesâ€￾ fiscal year 2013 edition. The Chronicle reviewed pay at 227 public universities and systems.

Among the nine paid more than $1 million:

Gordon Lee of Ohio State at $6.057 million
Bowen Loftin of Texas A&M/College Station at $1.636 million
Hamid A. Shirvani, the Chancellor of North Dakota University system, at $1.311 million (since retired)
Renu Khator, the Chancellor and President at University of Houston’s main campus, at $1.266 million
Sally Mason from the University of Iowa at $1.140 million
Michael A. McRobbie, the President of Indiana University at Bloomington, at $1.112 million
Michael Adams of the University of Georgia at $1.075 million
V. Gordon Moulton, the President of the University of South Alabama, at $1.072 million (since retired)
Mary Sue Coleman at the University of Michigan at $1.037 million


Read more: Nine College Presidents Made Over $1 Million, One Made Under $15,000 - 24/7 Wall St. http://247wallst.com/economy/2014/0...1-million-one-made-under-15000/#ixzz32B861DJH
Follow us: @247wallst on Twitter | 247wallst on Facebook
 
WinOneThisCentury said:
She must be so proud residing over the unofficial "#1 Party School in America" and pulling in this kind of dough. Policing the one quarter of one percent has it's perks...$1.140 million of them. I'm still peeved about the police state around Kinnick on game day...sorry, i have to learn to let things go.


The Chronicle of Higher Education released its new “Executive Compensation at Public Colleges” fiscal year 2013 edition. The Chronicle reviewed pay at 227 public universities and systems.

Among the nine paid more than $1 million:

Gordon Lee of Ohio State at $6.057 million
Bowen Loftin of Texas A&M/College Station at $1.636 million
Hamid A. Shirvani, the Chancellor of North Dakota University system, at $1.311 million (since retired)
Renu Khator, the Chancellor and President at University of Houston’s main campus, at $1.266 million
Sally Mason from the University of Iowa at $1.140 million
Michael A. McRobbie, the President of Indiana University at Bloomington, at $1.112 million
Michael Adams of the University of Georgia at $1.075 million
V. Gordon Moulton, the President of the University of South Alabama, at $1.072 million (since retired)
Mary Sue Coleman at the University of Michigan at $1.037 million


Read more: Nine College Presidents Made Over $1 Million, One Made Under $15,000 - 24/7 Wall St. http://247wallst.com/economy/2014/0...1-million-one-made-under-15000/#ixzz32B861DJH
Follow us: @247wallst on Twitter | 247wallst on Facebook
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Well Sally M is doing something right because as I remember it, Mary Sue Coleman, Skorton and some of the last UI presidents were making around 300K. Mary Sue may have left Iowa making in the 250K range and started at Mich at around 600K. Now Mary Sue is doing great especially to have an 80% increase over what 10-12 years when most people have gotten 10-20% raises in that time.

But Sally M has to have had about a 250-300% increase since she started.

Any one remember Sally M's starting salary and rough date of hire?
 
Wiki has Sally M starting 6.5 years ago at 465K.

That means her salary has been increased by 140% in 6.5 years or on average 21.5% per year. That is really bad fiscal responsibility by the Regents.

How do the regents justify that or measure her to give that big of raises?

Granted, being CEO of a billion dollar budgeted concern can require a 7 digit salary but this is a public concern of higher learning and not a manufacturing company making widgets that turns a profit.

I guess all those kids paying high tuition know where it is going.
 
#OccupyWallStreet

These colleges are run by a cabal of rotating snake oil salesmen. Funny thing is, the morons who run the University probably wouldn't even consider hiring an Iowa alum for the job of running the school. That's how much they think of us.
 
uihawk82 said:
Wiki has Sally M starting 6.5 years ago at 465K.

That means her salary has been increased by 140% in 6.5 years or on average 21.5% per year. That is really bad fiscal responsibility by the Regents.

How do the regents justify that or measure her to give that big of raises?

Granted, being CEO of a billion dollar budgeted concern can require a 7 digit salary but this is a public concern of higher learning and not a manufacturing company making widgets that turns a profit.

I guess all those kids paying high tuition know where it is going.
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I think she got a retention bonus and her normal pay is more in line with $500k. But still, the whole administrative regime of these schools is bloated all to hell. It ain't far off from what has happened to hospitals. Sure, direct costs of actually providing the service go up every year, but when you get Uncle Sugar and the state government kicking in a huge percentage of the bill, you see a bunch of grifters roll in and create a bunch of ways to siphon value out.
 
Student's are being bent over in a big way. I'd say the Administration Salaries are doing well against inflation. I hope students realize they are financing these increases with their promise to pay their student loans. Corporate/Wall Street, I can understand the greed...but the higher education complex is killing it right now. How you go from $465K to over $1MM in six years is beyond me for a public university. Sally done do the job, time to get paid!
 
WinOneThisCentury said:
Go back to stocking Kum in your fridge...Ok? See what I did there? It was an indictment on the administration salaries you moron...not a poke at KF. I'm his #1 fan if you haven't been following the boards.
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At least with Ferentz you can argue some degree of causation of success during his tenure with a substantial increase in ticket revenue (from the "donation" program to get football tickets). If we were a perpetual 2-10 team, that wouldn't happen. With the rest of these folks, good luck finding increased revenue they are driving.
 
The spending spree going on at schools across the country is a disgrace. They are financing it with increased tuition paid by collage loans. The student loan bubble is going to bust some of these days. I think I read where it has surpassed Credit Card debt in the US now
 
LASBUR said:
The spending spree going on at schools across the country is a disgrace. They are financing it with increased tuition paid by collage loans. The student loan bubble is going to bust some of these days. I think I read where it has surpassed Credit Card debt in the US now
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Si. It's north of a trillion dollars. It is going to be a substantial overhang on economic growth for years.
 
WinOneThisCentury said:
Go back to stocking Kum in your fridge...Ok? See what I did there? It was an indictment on the administration salaries you moron...not a poke at KF. I'm his #1 fan if you haven't been following the boards.
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I know you were ripping the administration. I'm sure you know a lot about a university president's job duties and how Mason has fulfilled them in her time at Iowa.
 
Spending four seconds on google would let you all know that her annual salary isn't over $1M.

http://thegazette.com/2013/11/01/io...ary-doubled-now-close-to-uis-top-pay-earners/

Mason was paid $972,605 in the year that ended June 30 — almost double the $492,000 she made the previous year — because of one-time retention pay she received after being at UI for five years.

http://thegazette.com/2013/08/08/regents-approve-4-percent-salary-increase-for-mason-leath/

With the 4 percent pay increase for 2013-14, Mason's salary will be $513,003. Leath will earn $466,752. New UNI President Bill Ruud, who began in June, received no change to his salary of $340,000, since his compensation was just set upon his hire, regents said.
 
ICHawk24 said:
I know you were ripping the administration. I'm sure you know a lot about a university president's job duties and how Mason has fulfilled them in her time at Iowa.
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You sound like someone who has spent a lot of time in her box and are trying to stay in her good graces. Tell us more about how awesome she is so you can keep those free tickets coming. What do you guys say about all the poors down in the stands while you look down on us?
 
okeefe4prez said:
You sound like someone who has spent a lot of time in her box and are trying to stay in her good graces. Tell us more about how awesome she is so you can keep those free tickets coming. What do you guys say about all the poors down in the stands while you look down on us?
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Still waiting for someone to tell us that they, themselves, make way too much money...its always someone else who is overpaid.
 
ICHawk24 said:
I know you were ripping the administration. I'm sure you know a lot about a university president's job duties and how Mason has fulfilled them in her time at Iowa.
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Ok, I'm having a hard time coming up with any major accomplishments other than bloating the administration...although I believe she did get a tuition freeze this year, which was the first in a long time. That being said, the freeze comes after a pretty good run. The other thing I can come up with is the open container thing around Kinnick, which is a tremendous help in keeping the morons from drinking too much. Somehow the alcohol still finds it's way into the bodies of certain idiots and they still behave badly. Weird.

Oh, and she found a job for her husband at the University...that's kind of cool.
 
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