Higher ed bonuses | Arkansas Blog

Higher ed bonuses

by

7 comments

A reader sends along a clip from Insider Higher Ed:

James Ramsey had specific goals in his contract as president of the University of Louisville, and he met just about every one, entitling him, trustees said, to a bonus of up to $113,857-25 percent of his base salary. In light of his state’s financial hardships and their impact on his institution, however, Ramsey recently decided not to accept the bonus. Now, a decision that some view as purely symbolic is being viewed by others on his campus as a show of solidarity in the midst of a university budget constrained by state cuts.

“At the end of the day, I asked to be treated just like everybody else,” said Ramsey, who will receive a $700 raise instead of a larger bonus, the same percentage all full-time faculty and staff at the university will receive as a result of this year’s 1 percent salary pool increase. “This was a tough budget year for us. I don’t want the attention to be focused on me.”

 

 

From the ArkTimes store

Comments (7)

Showing 1-7 of 7

Add a comment
 

Add a comment

Clicky