Response:
Regent Robert Downer
Thur.
May 22, I posted a long blog criticizing University of Iowa President
Sally Mason, but unsure that I have any Board of Regents blog readers,, I
sent them it. (They make the decision.)
From
Regent Robert Downer I received the following:“Whoever coined
the phrase 'Lies, damned lies and statistics' must have had in mind
the "analysis" that determined that Sally Mason had the
fifth highest compensation of any U.S. public university president.
She was given this ranking only because a 5-year deferred
compensation agreement vested in 2013, which required that she serve
in the position for five years to be able to receive anything. Had
she voluntarily left the position even one day early she would have
received nothing. I am certainly not arguing that President
Mason is not well paid, but this ranking is a snapshot and is not
indicative of her compensation since she became President of the
University of Iowa on August 1, 2007.”
I
wrote back, thanked Downer sincerely for his response observing that such chunk payments should probably
NEVER be made to public officials precisely because they might
lead to misinterpretation. One-time payment or no, I
have long objected to the disparity between university remuneration
and difficulty of affording college as an imitation of the American
CEO model, which has been a major factor in the demise of the
American Middle Class. In some cases, CEOs make hundreds of times
what their workers do.
Of
course, business is business, primarily responsible to the bottom
line, and despite what the Supreme Court would have us believe, not persons capable of moral choices, especially requiring
self-sacrifice. However, by its very nature, one expects more
responsible, intellectually defensible behavior from the university.
A
critical eye tries to interrelate current trends and ideas.
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