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Wednesday, September 14, 2016

Maryland Universities Drop Presidents' Bonuses Amid Criticism

Maryland's public university system will no longer award bonuses to top administrators following criticism amid rising tuition for students.

The University System of Maryland's Board of Regents decided to change the way the system handles bonus decisions for high-ranking school officials, a system spokesman said Monday.

Mike Lurie said the board voted unanimously Friday to no longer give bonuses to the system's chancellors or campus presidents. Also, future compensation agreements will be publicly announced after closed meetings.

Existing compensation packages that include bonuses will be reviewed and renegotiated, Lurie said.

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4 comments:

Anonymous said...

It's about time! These are some of the most overpaid people in our system. And let's also tackle the headhunting system that creates well paid paper positions for spouses that come with those new hires.

Anonymous said...

Are the most highly-educated among us finally reading the writing on the wall?

Not Quite Understanding said...

One word: GOOD!

Anonymous said...

$100k for a 4 year degree to earn $35k a year income for a graduate? The gradudate gets the $35k job, pays rent, pays health insurance, pays phone, utility bill, cable bill, and gets to each noodles to make ends meet. Is that education worth the result?

For that we pay a local university president $400k, and another $250k?

A 4 year degree provides a life of debt, really?