University executives’ pay and “fat cat” faculty

Here comes trouble

The Chronicle of Higher Ed’s yearly “Executive Compensation and Private and Public Colleges” is making the rounds again on Facebook, which got me thinking about some of the problems faculty face in using information like this.

Asking why executives deserve so much money invites bad actors to answer “You’re right. Let’s not pay anybody well!” Every time I see a list like this, I immediately want to demand that, like faculty, management justify their pay according to the value they bring their institutions. Put another way–while James Ramsey was president of the University of Louisville (which he was when this survey was published), what on Earth did he to earn this kind of money?

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To be fair, the base salary is only (!) about $330K; let’s work with the figure of $330K.

The Louisville Business Journal compiled a database of U of L and UK employees (using 2016 salary…

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