University President Gives Up Bonus

Posted on July 16, 2008
Filed Under News, The Daily Prereq | By Jessica Gross

If you were offered a six-figure bonus, would you take it? President James Ramsey of the University of Louisville turned down $113,857 in favor of the $700 raise faculty and staff receive. (Feel guilty?) Ramsey’s decision was both practical — the university’s been hit by state budget cuts and this will save money — and a symbolic gesture of solidarity with the faculty.

On a salary of $455,431, Ramsey shouldn’t be scrounging for food without his bonus. Even so, he’s paid a fraction of the top salary for a U.S. college president. According to The Chronicle of Higher Education’s most recent survey (from 2005-2006), nine presidents’ base salaries are over a million dollars and 12 pass the mark when benefits are factored in. The highest base salary? Donald Ross of Lynn University’s $5,674,184 jackpot. Whoo-ee.

(Source: Inside Higher Ed)

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One Response to “University President Gives Up Bonus”

  1. UC Labor Strikers Want Admins to Show them the Money : theprereq.com on July 16th, 2008 4:47 pm

    […] are getting messy, ifyouknowwhatimsayin. Perhaps UCI’s new president, Mark G. Yudof, should take one for the team, like benevolent Dr. Ramsey […]

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