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I think hazy, nebulous "executive" skills are overvalued myself but the reality is that economics and compensation are largely value neutal and in order to attract capable people they must be paid at the going rate. If we don't another university will.Globetrotter wrote: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.
Look at the arguments the faculty association were making over their very own contract. Raise our pay or else you'll see standards reduced and/or people leaving for greener pastures.
