Monday, March 19, 2007

Performance pay of presidents 

The new president of Arizona State has performance bonuses for ten different items, one of which is the school's ranking in U.S. News and World Report's annual college survey. He stands to get $10,000 if they go up from their current third-tier ranking. Michael Crow will also get $10,000 each for increased freshman retention, increasing the university's graduation rate, and six other items. If all ten targets are reached the Board of Regents tosses in an extra $50,000. I doubt our new president gets performance bonuses (he'd be the only one on campus who does if so.)