Consultant, Bonus

[professorjackson]

"BGSU hires firm to find savings"

http://www.sent-trib.com/front-page/bgs ... nd-savings



"Mazey gets raise & bonus"

http://www.sent-trib.com/front-page/maz ... aise-bonus

[Flipper]

She doesn't deserve a raise or a bonus? Is her compensation package out of line with comparable positions?

[mscarn]

Exactly.

We're talking thousands for a person responsible for managing a budget of well over two hundred million and a firm whose purpose is to save millions. I know everyone can't be a math professor but the numbers seem fairly clear.

The minority of professors who raised a stink got what they wanted. You negotiated and signed your vaunted agreement. You got your pay raises. Why the need to continue to cry foul?

[factman]

oops......double post.

[factman]

He is a much bigger part of the problem than the solution!

[bgsufn]

And if I recall, didn't she donate her bonus last year to the scholarship fund?

[pdt1081]

Exactly.

We're talking thousands for a person responsible for managing a budget of well over two hundred million and a firm whose purpose is to save millions. I know everyone can't be a math professor but the numbers seem fairly clear.

The minority of professors who raised a stink got what they wanted. You negotiated and signed your vaunted agreement. You got your pay raises. Why the need to continue to cry foul?

I'll take it you don't work for the University?

Think about it. Your boss gets a raise and a bonus (that's more than you make annually) the same day it's announced that they are hiring a consultant firm to help with a budget deficit. Now, I'm no "math professor," but facing a budget deficit and doling out raises seems counterintuitive.

[mscarn]

Think about it. Your boss gets a raise and a bonus (that's more than you make annually) the same day it's announced that they are hiring a consultant firm to help with a budget deficit. Now, I'm no "math professor," but facing a budget deficit and doling out raises seems counterintuitive.

It takes smart people to wisely manage hundreds of millions of dollars (especially when constituent groups like the faculty association profit handsomely yet still complain) and smart people work for money. Must be because they're smart.

[pdt1081]

Think about it. Your boss gets a raise and a bonus (that's more than you make annually) the same day it's announced that they are hiring a consultant firm to help with a budget deficit. Now, I'm no "math professor," but facing a budget deficit and doling out raises seems counterintuitive.

It takes smart people to wisely manage hundreds of millions of dollars (especially when constituent groups like the faculty association profit handsomely yet still complain) and smart people work for money. Must be because they're smart.

So it's smart to give bonuses and raises while facing a budget deficit? Spend more money than you currently are knowing full well you don't have enough in the future? I guess you and I have very, very, different definitions of the word "smart."

FYI, their are a lot more people who work for the University that aren't professors, than are. You know, the people who actually make the University function behind the scenes.

[footballguy51]

Think about it. Your boss gets a raise and a bonus (that's more than you make annually) the same day it's announced that they are hiring a consultant firm to help with a budget deficit. Now, I'm no "math professor," but facing a budget deficit and doling out raises seems counterintuitive.

It takes smart people to wisely manage hundreds of millions of dollars (especially when constituent groups like the faculty association profit handsomely yet still complain) and smart people work for money. Must be because they're smart.

So it's smart to give bonuses and raises while facing a budget deficit? Spend more money than you currently are knowing full well you don't have enough in the future? I guess you and I have very, very, different definitions of the word "smart."

FYI, their are a lot more people who work for the University that aren't professors, than are. You know, the people who actually make the University function behind the scenes.

The faculty got their 3% raise this year. The other staff on campus got a 2%. I believe President Mazey is included in that 2%.

I think the point that is being made is that the raises aren't what's causing the deficit, and singling out one person for getting a raise isn't fair. I could just as easily single out any other person on campus and point out that they got a raise yet we're short on cash.

[BGFan]

Two years ago she was the lowest paid D1 public school president in Ohio. My guess is that this hasn't changed. What more do you want Professor?

[footballguy51]

And what's more, the Board of Trustees met and decided to award the President this raise. She didn't give it to herself or anything.

[hammb]

Think about it. Your boss gets a raise and a bonus (that's more than you make annually) the same day it's announced that they are hiring a consultant firm to help with a budget deficit. Now, I'm no "math professor," but facing a budget deficit and doling out raises seems counterintuitive.

It takes smart people to wisely manage hundreds of millions of dollars (especially when constituent groups like the faculty association profit handsomely yet still complain) and smart people work for money. Must be because they're smart.

So it's smart to give bonuses and raises while facing a budget deficit? Spend more money than you currently are knowing full well you don't have enough in the future? I guess you and I have very, very, different definitions of the word "smart."

FYI, their are a lot more people who work for the University that aren't professors, than are. You know, the people who actually make the University function behind the scenes.

If the president is doing her job and is looked at as part of the solution and not part of the problem, then hell yes you give her a raise.

I've worked for a company that played the game you seem to want the university to play. When you go in every year and say, "Well we wanna give you more, we feel you deserve it, but our budget just can't handle it," You know what happens? I quit and found somebody that WAS willing to pay me my true value, and you can bet your ass Dr. Mazey would as well.

There are places to cut budgets, but you don't do it by pissing off your most valuable employees. Or before long you won't have them to piss off anymore.

[Flipper]

The university has become a highly political environment. I'd sure as hell hire a consultant to suggest cuts...to do otherwise opens you up to all sorts of allegations re your motives form making specific cuts

[Globetrotter]

While I do see what HammB and others are saying. The extreme economic inequality in the country can't be healthy. The mindset that this person is in management and an executive and this is what these people make now, seems like a pretty dangerous slope. I don't have the answers but something seems amiss when I look at the idea of "It takes smart people to wisely manage hundreds of millions of dollars (especially when constituent groups like the faculty association profit handsomely yet still complain) and smart people work for money. Must be because they're smart."

A response to the article states this....# Christopher Williams 2013-10-07 07:12
This was also the shocking take-away from the economic collapse of 2007-08. Rather than anyone being punished, the bonuses were large and continued, unquestioned, no matter how deep in the muck the particular entity was. It's this bizarre overvaluation of "executive" skills, which is fueled by people who have a lot of the power and money in the first place. It is uncertain if this attitude comes from Mazey herself: it is, rather a reflection of the attitudes of the Board of Trustees, who by and large come from the financial sector, fundamentally distrust what universities have traditionally done, and have been packed on the board by the Kasich administration.

I have a hard time finding the actual practicality of things like Occupy Wall Street but I really do think there has been a substantial mindset shift that if someone makes a ton more money then some one else they are probably worth it and good for them, and if someone doesn't make a lot of money they are probably worth it and need to change to make more money.

I tried to keep this in the middle because I don't really have the answer and it walks the political tight rope that we are not allowed, for good reason, to walk here. Just thought I would lay my 2 cents, which is all it really is, down.