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:
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.
Are the most highly-educated among us finally reading the writing on the wall?
One word: GOOD!
$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?
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