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Top executives at Alabama, Auburn receive millions in bonuses as student tuition skyrockets
http://www.al.com/news/index.ssf/2014/06..._aubu.html

Ohhh. To be an Alabama exec... Sounds kinda like hush money...

The post-presidency compensation for Garrison is perhaps the most noteworthy found in the review of payroll records available online.

Garrison served as president at UAB for 10 years, stepping down on Aug. 16, 2012. Richard Marchase was named interim president at UAB less than a week later. Almost two years later, though, Garrison is yet to be removed from the UAB payroll.

She received her full salary throughout the 2013 fiscal year, which also included a Sept. 30, 2013 payment of $130,000 – the bulk of which was the annual "incentive" bonus that campus presidents receive yearly. Her total compensation in her first year after leaving office was $503,166, which doesn't include the September 2013 payment of $130,000 because it technically was paid 13 months after her resignation was announced.

In the 2014 fiscal year, Garrison's salary was reduced by 41 percent to monthly payments of $25,000. On Dec. 27, 2013, Garrison also received a large single payment of $482,010.

"As a retreating president, Dr. Garrison was provided compensation and benefits per board policy. This included an annual performance incentive, which was paid in September 2013," said Kellee Reinhart, UA System vice-chancellor for system relations.

Despite inquiries by AL.com, no specific explanation was provided for the $482,000 payment to Garrison in December 2013. Also, the UA System provided no explanation to an AL.com inquiry for job duties performed by Garrison since leaving office.

Very much hush money.

Just be sure to ignore all of the cubby bear things going on behind the curtain over there.

Carol was OK by me, but it's this sort of thing that just disgusts me.

Those at the top of the corporacracy and academia have no perspective on what it's like to REALLY work for a living.

Garrison (I don't know her personally so I think it is improper to refer to her by her first name) worked very hard in the interests of UAB and "Really worked for a living". She deserved any income she got because of the crap she put up with from the BOT. I hope she enjoys the money and if it was hush money, I hope the bOT gets caught with their hands dirty.

(06-16-2014 01:05 PM)Memphis Blazer Wrote:  Garrison (I don't know her personally so I think it is improper to refer to her by her first name) worked very hard in the interests of UAB and "Really worked for a living". She deserved any income she got because of the crap she put up with from the BOT. I hope she enjoys the money and if it was hush money, I hope the bOT gets caught with their hands dirty.

I wasn't speaking specifically of Garrison, but the process as a whole - at both Alabama and Auburn...

In Garrison's case, I consider "step down money" the same as "hush money".
We will come to an agreement on severance, etc. if you don't spill any beans.

I agree with MB.

Garrison's money is very much hush money for stepping down and not spilling on the OCS.

So what was Portera's step down money to hush up? Crap like this is standard corporate practice.

No, you shouldn't get a bonus for doing your job right, or for stepping doing your job, but it is very common. How many stories have you read where some CEO has run his company into the ground, gets sacked, and gets paid a huge "golden parachute" bonus to go away?

Yes, I think that it is entirely possible that XPCG might *lose* that bonus if she talked about what she knows regarding the OCS debacle.

Google up what university presidents get paid now - yes, it's obscene, but these numbers are not an Alabama thing or a conspiracy. Executive pay has gone utterly insane, and it is no different at the university president level.

+1

Plenty of university presidents receive this kind of money (several have within the UA system) without some kind of conspiracy

So what is new? The Bama Athletic department paid Gene Stallings for two years at his regular coaching salary level while he "coached" from his front porch swing in Paris, TX. while his protege Mike DuBose ran the program. The two years made him eligible for the state's TRS (10 years of service to be vested) so he could receive $5,000 or more per month from the TRS for life. That's $60,000 per year since two years after he resigned. Maybe he became a car salesman in Jasper to get by.

Something is wrong when those on the board making these decisions are the same ones benefiting financially from the decisions.

(06-16-2014 05:35 PM)TPBlaze84 Wrote:  +1

Plenty of university presidents receive this kind of money (several have within the UA system) without some kind of conspiracy

Almost the normal outcome in ALL of higher education. WHY unless you Immediately leave fora another President position - you almost never get another job. The average president last under four years

(06-16-2014 06:34 PM)uabbean Wrote:  

(06-16-2014 05:35 PM)TPBlaze84 Wrote:  +1

Plenty of university presidents receive this kind of money (several have within the UA system) without some kind of conspiracy

Almost the normal outcome in ALL of higher education. WHY unless you Immediately leave fora another President position - you almost never get another job. The average president last under four years

As I pointed out in post #11, the service time to be "vested" in the Alabama TRS is 10 years. How much the TRS pays you depends upon two factors - length of service and your best three year's pay of the last five. If you don't make 10 years of service, you get back only what you put in (unless you are a FB coach, then you get to move back to Texas, sit on your porch swing for two years at full pay, and then "retire" and start drawing TRS checks) .

Many university Presidents work in the school's administration for years before becoming the school's President - or they may be demoted and continue at a lesser post, but perhaps not at lesser pay. Before the past couple of decades or so, the pay was not something most would quibble over. The state's legislature ended the "DROP" because a few favorite administration people were making huge amounts, but not one classroom teacher's pay was cited. They were just "collateral damage".

http://www.slate.com/blogs/browbeat/2014...=obnetwork

Hilarious. Retiring vice chancellor makes $368k per year. HR is getting numerous applications in groups of four - that is, four people to split the work and the salary. Read the article and their cover letter.

"“As you will see from our CVs,” the group writes, “we are eminently suited to fill this position. Indeed, we believe that by job-sharing this position, we would be able to do a better job than any one person could do—and the salary is certainly ample enough to meet the needs of all four of us. Indeed,” they continue, “for many of us one-fourth of your proposed minimum salary would double or triple our current wage.” They are quick to point out the advantages of a four-for-one deal, quipping: “We will even share one academic gown.”