The state House of Representatives voted for a resolution Wednesday, calling on Lou Anna Simon to resign as president of Michigan State University. Kathleen Gray, Detroit Free Press
Michigan State University President Lou Anna Simon.(Photo: Jessica J. Trevino, Detroit Free Press)Buy Photo
Former Michigan State University President Lou Anna Simon — who resigned in January in the fallout of the Larry Nassar scandal — maintained her place as the top paid public university president in Michigan in 2017, the third straight year she led the pack.
Her $857,024 could have increased this past school year by $150,000, but she turned down the proposed raise from the school's Board of Trustees in December under heavy fire from survivors of Nassar's sexual abuse. She asked the board to send that money to fund student scholarships instead.
Simon's $857,024 pay package in fiscal year 2017, which ended June 30, 2017, included $750,000 in base salary, $100,000 in bonus pay and $7,024 in other non-taxable pay.
That was good enough to make Simon the highest-compensated university president in Michigan and in the top 15 in the nation, according to an annual study released Sunday by the Chronicle of Higher Education.
Simon's compensation package was $50,000 more than the second-highest compensated public university president in Michigan - the University of Michigan's Mark Schlissel, who pulled in $806,374. That included $791,812 in base salary and $14,562 in non-taxable pay.
The Chronicle prepares this data every year by surveying all public doctoral universities in the United States and all state college and university systems or governing boards with at least three campuses and 50,000 total students. Total compensation includes base pay, bonus pay, nontaxable benefits, other pay, deferred compensation paid out, severance pay and retirement pay. This year’s report includes 220 public colleges and systems.
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The highest paid college president in the survey was James Ramsey, who despite leaving the University of Louisville just 27 days into the 2017 fiscal year, became the year’s highest-paid public college president. Ramsey, who is being sued by the university for allegedly illegally diverting funds from its foundation, earned nearly $4.3 million from the institution and its foundation. Most of the $4.3 million came from a deferred compensation package of $3.55 million and a settlement with the university of $687,000.
The top ten nationally were:
- James R. Ramsey, University of Louisville, $4,290,232
- Jay Gogue, Auburn University, $1,827,786
- William H. McRaven, University of Texas System, $1,500,140
- Neil D. Theobald, Temple University, $1,380,071
- John Sharp, Texas A&M University system office, $1,285,147
- John C. Hitt, University of Central Florida, $1,278,371
- Judy L. Genshaft, University of South Florida, $1,184,520
- Douglas D. Baker, Northern Illinois University, $1,124,248
- W. Kent Fuchs, University of Florida, $1,099,975
- Michael V. Drake, Ohio State University, $1,073,272
Many of the presidents in the top 10 and on the list have deferred compensation packages, which are a common retention tool for top administrators. They work like this: A university sets aside money, tax-free, each year in a fund for its leader, who cannot withdraw anything from that fund until an agreed-upon date. Typically, an administrator who resigns before that date forfeits the money.
“While James Ramsey and the University of Louisville’s situation is an extreme case, deferred compensation packages in presidential pay can lead to some truly eye-popping moments,” said Dan Bauman, database reporter for The Chronicle of Higher Education who compiles the report. “While the average president’s compensation is a fraction of what’s at the top of the list, any of them can rise to the top in a given year with this kind of pay-out.”
Other Michigan public university presidents in the survey were:
- John M. Dunn, Western Michigan University, $633,180
- M. Roy Wilson, Wayne State University, $537,216
- George E. Ross, Central Michigan University, $509,811
- Glenn D. Mroz, Michigan Technological University, $500,010
- George W. Hynd, Oakland University, $438,674
Simon's contract included a number of sweet perks for her when she retired. As first reported by the Free Press, she got lifetime free tickets to MSU football games and a 12-month paid research leave if she returns to the faculty.
She can choose to return to the faculty, at which point she will get a 12-month research leave at her current salary of $750,000. She then gets her current salary for the next year and 75% of her salary for the next two years. She also gets office space and secretarial support. She also gets the title of "president emeritus."
The contract also spells out a number of lifetime perks Simon and her husband will receive.
- Parking passes for on-campus parking
- Two free tickets to home football games for the Spartan Club suites
- Two free tickets to women's basketball games
- The option to buy up to four men's basketball tickets in the same location she currently has seats
- Reduced-price tickets for bowl games and post-season play for football, men's and women's basketball and ice hockey
- Parking pass for all home sporting and cultural events
Contact David Jesse: 313-222-8851 or email@example.com. Follow him on Twitter: @reporterdavidj
Source : https://www.freep.com/story/news/education/2018/07/15/lou-anna-simon-msu-compensation/786543002/Thanks you for read my article 2017