Ohio State University president gets $358,848 pay increase

Nov. 13, 2012

Dive Summary:

• Ohio State University President E. Gordon Gee's efforts to increase student graduation rates and raise billions of dollars for the school through fundraising and public-private partnerships have earned him a 3% pay raise (equal to the overall percentage given to faculty and staff this year) worth $25,036 and a $333,812 bonus from the school's trustees.
• Gee, whose base salary is now $859,566, has topped The Chronicle of Higher Education's executive pay survey of public-college presidents since his 2007 return to OSU, and with deferred compensation and retirement benefits taken into account, his total compensation this year tops $2.1 million.
• Gee's bonuses are paid using a donor-funded account instead of funds from tuition and fees or the state, and university spokesman Shelley Hoffman says that Gee will return some of his compensation for student scholarships as he has in the past.

From the article:

Ohio State trustees have given President E. Gordon Gee a 3 percent pay raise worth $25,036 and a $333,812 bonus for working to increase student graduation rates and bringing in billions of dollars through fundraising and new public-private partnerships.??In a turbulent time period for higher education, in which many universities are being forced to make many difficult sacrifices, this university has thrived,? said trustee Alex Shumate, who oversaw the board committee that wrote Mr. Gee?s evaluation. ...

Source: http://www.educationdive.com/news/ohio-state-university-president-gets-358848-pay-increase/72298/

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