University of Minnesota President Bob Bruininks has boldly called for a salary freeze for the top 40 employees at the U (including himself). It's going to save a whopping $500,000 a year in a school with a biennial budget of $1.5 Billion. Let's give this man a pat on the back.
Meanwhile, he's ranks #7 on the list of best-compensated University Presidents in the country (Public institutions) bringing in $733,421.
The University is a fine school, but it certainly isn't a top 10 public University. Top 25. U.S. News and World Report just ranked it #22. So why Top 10 pay? Well this is Minnesota, Minnesotans are proud of spending a lot of money on education- regardless of results. And is it damn cold here, so you may need to pay a bit more to attract top candidates- but Bruininks has been here since 1968. He likes it here. It is a huge University- but you have Provosts doing the job at the other campuses. I give. I don't know.
One interesting item from the Strib piece:
Over five years, public presidents' median compensation climbed 36 percent, while private presidents' rose 19 percent.
There was another recent piece from ABC news on College Presidents' Pay:
Fifty-nine presidents of public universities reeled in more than $500,000 in salary and benefits during the 2007-08 academic year, more than double the number who broke the half-million mark three years earlier, according to a survey by the Chronicle of Higher Education released on Monday.
So the government workers are once again fairing much better than the private-sector ones.
My favorite part about government employees is the idea that there should never be pay cuts. When I worked in sales, it was always on commission and the better you did the harder they'd make your compensation plan. If you were stellar two years in a row, it was still quite possible that you'd make less one year vs. the other. Public employees just sit back and wait for their 3.5% or 5% or 6% compensation increases every year. They expect it for the job title. They make up their own vague benchmarks for success and then tie part of their pay to those goals- amazingly they always seem to achieve them.
I'd love to throw some of these folks outside the world of taxpayer-funded compensation and see how they'd do.
Give me $125,000 a year and I'll do Bob Bruinkink's job-- and I promise tuition wouldn't be $10,000 a year either. No way.