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Archive for Saturday, June 29, 2013

Kansas, Missouri university leaders retire with perks

June 29, 2013

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University presidents in Kansas and Missouri are retiring with substantial financial packages that were uncommon a decade ago for leaders of public colleges.

Large exit packages are now “common practice,” said Peter Eckel, vice president for programs and research at the Association of Governing Boards of Universities and Colleges. He said the money attached to those deals keep getting bigger, and more often the exit deal is worked out when leaders are hired.

Robert Hemenway, who retired from Kansas University in 2009, took a year’s sabbatical and in 2010 returned to the Lawrence campus for a year to write a book and teach an English class for two semesters. He was paid $340,352 for each of those two years, the same annual salary he’d gotten his final year as chancellor. Hemenway is now fully retired and hasn’t received a salary from the university since the summer of 2011.

Other university presidents in Kansas and Missouri who’ve retired over the last five years with lucrative packages include Kansas State University President Jon Wefald. Before Wefald retired in 2009, he was paid $315,962 a year, which included a base salary of $255,298 in state funds and $60,664 from private sources.

When he retired, the Kansas Board of Regents agreed he’d continue to receive his annual base salary of $255,298 for the next two years while he wrote a book about his tenure leading the university.

“One thing I did not expect is how time-consuming this would be,” Wefald said about his book writing. “They are not just giving money away. I’m working seven days a week. This is important. A history of K-State.”

Since 2011, Kansas State has continued to pay Wefald as part of a five-year plan but at a lower rate of $157,982 annually.

The packages given to Wefald and Hemenway were a way to “recognize them and thank them for service to their respective campuses, for their longevity,” said Christine Downey-Schmidt, a member of the Board of Regents.

When University of Missouri Chancellor Brady Deaton retires this fall he’ll direct the Brady and Anne Deaton Institute for University Leadership in International Development on the university’s Columbia campus. He will be paid $200,000.

The payouts don’t always sit well with faculty.

“At a time when faculty, for the last eight years, have not been able to keep up with the cost of living ... I find it unconscionable,” said Gary Ebersole, a history professor and the Faculty Senate chairman at the University of Missouri-Kansas City.

Comments

Scott Morgan 9 months, 2 weeks ago

In all seriousness, it's not only university big wigs. This pickpocketing the public is being done at all levels of government.......all including school districts. I know of at least one "super" in the area, long gone I may add whom had two district paid cars at his disposal. Why? Well his wife drove one.

Forget the salaries, it's the hangover of benefits which will haunt us in the long run. Check out Detroit.

"""Brady Deaton retires this fall he’ll direct the Brady and Anne Deaton Institute for University Leadership in International Development on the university’s Columbia campus. He will be paid $200,000.,,,,,,,

Right, but people really need to know about the cash out insurance, lifetime healthcare, club memberships, vehicle and other expenses, special hidden retirement payments.........these add up my friends. Multiply this by all the government employees at this level or below.

These folks are not dumb, kinda like hogs eating in a pen. Try tossing hog slop on one side of the pen and watch what happens. Yes, the hogs all want their share.

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Currahee 9 months, 2 weeks ago

I don't care if you're a janitor or head of state. You enter public service because you truly want to serve the public. I don't mean give everyone bad wages so that they can barely scrape by, but this is truly excessive don't you think?

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wastewatcher 9 months, 2 weeks ago

Sebelius appointee and LIBERAL friend Downey is addicted to spending other people's money. Wefald and Hemenway were paid and paid very well to do a job. It is time for some strong regents to be appointed and provide supervision and guidance to the schools. Lets hope the recent appointees have the vision and courage to act and lead, not just kiss the ring of the paid help!

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footnote2 9 months, 2 weeks ago

Toe, if the discussion is of university teachers and administrators, the two groups can't be lumped together when it comes to duties and compensation. Teaching faculty members have defined duties and obligations. Unlike administrators, teachers are not allowed to invent themselves and give each other high pay for no other reasons than alleged "market value" and cronyism.

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toe 9 months, 2 weeks ago

The great robbery of our time is from the taxpayers by teachers and administrators.

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