NittanyLion99
Well-known member
Penn State branch campus professors outraged as President Bendapudi gets 47% pay raise amid campus closures | Pittsburgh Post-Gazette https://share.google/h5iQlikmUKVvanQt1
Bendapudi gets 47% raise
- Thread starter NittanyLion99
- Start date
Campus closures and the president’s raise are 2 different things ( apples and oranges….at least Fuji and Macintosh ), but 47% is well beyond ridiculous…..unless she was initially seriously underpaid ( not familiar with the contract)
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I worked for a company where the new CFO's bonus was based on how much ROA was improved. Well, the operational issues and overall performance wasn't fixed, but he made big, big money just by outsourcing everything to 3rd parties ...facilities, IT, inventory. The ROA shot up, but profit continued to flail. He eventually got canned, but he did what he was incentivized to do.
NittanyLion99
Well-known member
Agree they are different. I was simply posting a PSU related news item. That said, she was making ~$1M and got a raise to $1.47M. IDK the justification, but this seems abnormal. She is now the highest paid B1G president and 2nd highest paid public university president.
She was below the median, and this supposedly takes her to the 80th percentile. Sounds like she's been successful at raising money, helping to secure $560 million in philanthropic donations. Closing some of the branch campuses probably makes sense, though I'd like to have seen it studied a bit more.
NittanyLion99
Well-known member
Below the median, and 80th percentile of what? All universities?
The article says she is now the highest paid B1G president and 2nd highest paid public university president.
LionDeNittany
Well-known member
I'm sure they did a 'study' to make the pay package seem reasonable.
Just like the 9/11 Museum folks.
