What Recession? Ohio U. President Clings to Raise

Posted on January 23, 2009
Filed Under News, The Daily Prereq | By Jessica Gross

For months, Wall Streeters have been criticized for their swollen salaries and bonuses. But overpayment extends beyond big banks — it seems everyone wants to grab as much dough as possible before it all evaporates. In the most recent money-grubbing installment, Ohio University President Roderick McDavis has decided to stick with a contract, announced six months ago, that gives him a $85,000 raise — atop a $380,000 base salary. This despite Ohio U.’s estimated $15 million to $40 million budget shortfall within two years.

OU’s Students for a Democratic Society is responding with a Student Senate resolution that will ask McDavis to give up his raise:

The resolution will cite budget problems and campus dissatisfaction as reasons McDavis should return his raise, [member Jessica] Beardsley said, adding that, considering the “quite obvious disapproval” on campus, she thinks the raise is a “waste of resources.”

Is corporate greed any worse than higher ed greed?

(Source: The Post)

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