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I doubt executive salaries make up a significant portion of any school's budget. Overpaid non-executive administrators are a much larger cost in aggregate, bec
by dustcoin 12y ago
I doubt executive salaries make up a significant portion of any school's budget. Overpaid non-executive administrators are a much larger cost in aggregate, because there are so many of them.
- ForHackernews 12y agoThat's not quite true: https://www.jacobinmag.com/2014/06/higher-eds-for-profit-future/ https://www.jacobinmag.com/2014/06/higher-eds-for-profit-fut... "compensation of a single person like Zimmer now approaches the reported inflation-adjusted $3 million annual operating deficit that ended a community resource benefiting both medical students and trauma patients."
- dustcoin 12y agoUChicago spent $446M on academic salaries, $889M on staff salaries and $338M on benefits (not broken out into academic vs non-academic) in the the 2011-2012 fiscal year that Zimmer's compensation temporarily spiked to $3M. It is safe to say that over $1B was spent on non-academic salary and benefits (administration), which dwarfs both Zimmer's compensation and the $3M operating deficit. http://finserv.uchicago.edu/pdf/2012FinState.pdf http://finserv.uchicago.edu/pdf/2012FinState.pdf
- ForHackernews 12y agoYes, you're correct that Zimmer's compensation is less than the total salaries of every other person employed by the university. I guess we can argue about the meaning of the word "significant" now.