Sunday, July 27, 2014

Penn State's $13,500+ A Week Athletic Director

"Barbour's compensation package is about double that of her predecessor... Barbour will make a base salary of $700,000 and will receive a yearly retention bonus of $100,000. She also has a $100,000-a-year payout for meeting performance goals based on graduation rates, post-season appearances and more."

My Comments About The Article Above
Two words... "Economic Inequality". No one will ever convince me anyone is worth $13,500+ a week (in the private sector or otherwise). Under the rules of sanity if someone were to try and justify this kind of salary their only argument could be such a person brings in more money then they take out. Does the position of 'athletic director' do that?

Penn State Quick Facts:* Penn State has over 98,000 students
* Penn State’s total operating budget for 2014-15 is $4,638,774,000
* In the year ending on June 30, 2013: Commonwealth of Pennsylvania appropriations were $272,431,000 and United States government grants and contracts totaled another $503,517,000

That's a lot of simoleons!


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