Sunday, December 5, 2010

More big bonuses for administrators

MNSCU is not alone in awarding big bonuses to administrators. At Duke, the chancellor of the health system received a bonus of almost $1 million. Total bonuses for highly paid administrators total $7-8m. Some clever students have drawn attention to the hypocrisy of asking everyone else to cut back while the administrators roll in the dough by holding a bake sale for billionaires and a toast for billionaires. As Margaret Soltan observes on her excellent blog, University Diaries, "At a time of real fiscal distress, Duke remains foursquare in its defense of its executive reward system. Its executives themselves are equally remarkable for their fidelity, through thick and thin, to the principle of unlimited personal enrichment."

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