FC: Barron gets a raise

[mn78psu83]

Barron gets a merit raise

Penn State President Eric Barron will receive a 2.5% raise this year — and two other high-ranking executives will also receive salary increases — after unanimous approval Friday afternoon by the university’s board of trustees.

Barron’s raise, which will be retroactive to July 1, is a little more than $20,000 better than the previous year. He is now set to earn a base salary of $876,612, per the university.

According to Kathleen Casey, who heads the trustees’ Subcommittee on Compensation, information taken into account for the merit raise included Barron’s performance against 2020-2021 goals and a presidential evaluation report.

 

[We Are . . .]

$876K will buy a lot of onion dip.

 

[91Joe95]

Barron gets a merit raise

Penn State President Eric Barron will receive a 2.5% raise this year — and two other high-ranking executives will also receive salary increases — after unanimous approval Friday afternoon by the university’s board of trustees.

Barron’s raise, which will be retroactive to July 1, is a little more than $20,000 better than the previous year. He is now set to earn a base salary of $876,612, per the university.

According to Kathleen Casey, who heads the trustees’ Subcommittee on Compensation, information taken into account for the merit raise included Barron’s performance against 2020-2021 goals and a presidential evaluation report.

Why? He's leaving.

 

[mn78psu83]

Why? He's leaving.

The good news - for him - is that it's retroactive to July 1. PSU is a meritocracy.

 

[psu00]

Why? He's leaving.

And Penn State’s academic rankings have dropped under his leadership.

 

[Media Fan]

And Penn State’s academic rankings have dropped under his leadership.

Like a rock.

 

[BobPSU92]

I read that the latest U.S. News & World Report rankings put Penn State as the worst value among b1g schools. 14 of 14. Mission accomplished. After all, barren laughs at value.

 

[BobPSU92]

Why? He's leaving.

Thanking him for a job done.

 

[Keyser Soze 16801]

Meanwhile FSU keeps improving in the rankings

All they needed to do was shed Eric the Meek

 

[BobPSU92]

$876K will buy a lot of onion dip.

But not much of a museum. Hence, barren needs our help. Give early, often, and in large sums.

 

[BobPSU92]

Meanwhile FSU keeps improving in the rankings

All they needed to do was shed Eric the Meek

Rankings, schmankings. That’s just perception. barren laughs at perception.

 

[LafayetteBear]

Why? He's leaving.

No kidding. I was hoping he was gone already. Problem is, this joke of a Board of Trustees is certain to replace him with yet another obsequious toady.

 

[BobPSU92]

No kidding. I was hoping he was gone already. Problem is, this joke of a Board of Trustees is certain to replace him with yet another obsequious toady.

You’re forgetting the transparent selection process they have in place this time. They asked for our input. We’ve got this.

 

[Sproul]

No kidding. I was hoping he was gone already. Problem is, this joke of a Board of Trustees is certain to replace him with yet another obsequious toady.

first choice last time was a criminal, so we ended up with herr barron. The criminal
might have been the better option.

 

[mn78psu83]

first choice last time was a criminal, so we ended up with herr barron. The criminal
might have been the better option.

Good point. He might have been the better option. So what if the guy was a little shifty and opportunistic. Who doesn't want to make some extra change on the side? Big deal. He looks a little bit like Ted Turner. That should have counted for something. Three misdemeanors. Probation and a $250,000 fine. Can't practice medicine any more. He wasn't anyway. Small time stuff. With the size of PSU's trough he could have really upped his game.

Ex-SUNY Upstate president gets probation, $250,000 fine

David R. Smith, the former President of SUNY Upstate Medical University in Syracuse, was...

www.timesunion.com

 

[MtNittany]

And Penn State’s academic rankings have dropped under his leadership.

...and FSU's have skyrocketed since his departure there. I can't put my finger on it, but there's a commonality there.

 

[PearlSUJam]

The good news - for him - is that it's retroactive to July 1. PSU is a meritocracy.

July 1, 2013?

 

[BW Lion]

Cheap bastards. 2.5% is only half the rate of inflation. Barron is going backwards in real terms.

 

[psuro]

first choice last time was a criminal, so we ended up with herr barron. The criminal
might have been the better option.

It’s the devil you know vs the devil you don’t.

 

[MacNit07]

Why? He's leaving.

Why? He is incompetent.

 

[mn78psu83]

Cheap bastards. 2.5% is only half the rate of inflation. Barron is going backwards in real terms.

Is there a tort opportunity here?

 

[roswelllion]

Barron gets a merit raise

Penn State President Eric Barron will receive a 2.5% raise this year — and two other high-ranking executives will also receive salary increases — after unanimous approval Friday afternoon by the university’s board of trustees.

Barron’s raise, which will be retroactive to July 1, is a little more than $20,000 better than the previous year. He is now set to earn a base salary of $876,612, per the university.

According to Kathleen Casey, who heads the trustees’ Subcommittee on Compensation, information taken into account for the merit raise included Barron’s performance against 2020-2021 goals and a presidential evaluation report.

So is that raise for dropping our US News ranking to 63, or giving the football facilities a ranking not in the top 25 despite revenue in the top 10? Oh wait I know. It is getting us to number 1. Highest in -state tuition for a public university in the country. Hail to the Onion Dip President

 

[BW Lion]

Is there a tort opportunity here?

More like a "torte" opportunity

 

[L.A.Lion]

But not much of a museum. Hence, barren needs our help. Give early, often, and in large sums.

How's a man of his stature to live on a mere $856,000 annually? That's not living; it's barely surviving. Where's your compassion???

 

[mn78psu83]

How's a man of his stature to live on a mere $856,000 annually? That's not living; it's barely surviving. Where's your compassion???

Bob's devoid of humanity.

 

[bdgan]

I read that the latest U.S. News & World Report rankings put Penn State as the worst value among b1g schools. 14 of 14. Mission accomplished. After all, barren laughs at value.

He saw the drop in rankings and put his hands up.

P.S. I assume that higher salary will be factored into his pension.

 

[Midnighter2]

The next time anyone bothers to vote for the BOT, remember - ‘unanimous approval.’

 

[BobPSU92]

Bob's devoid of humanity.

That’s the nicest thing anyone has said about me in a long time.

 

[mn78psu83]

He saw the drop in rankings and put his hands up.

P.S. I assume that higher salary will be factored into his pension.

It would depend on which plan he has. Since he moved around so much he might be in TIAA-CREF, which is not a defined benefit pension plan. It's a defined contribution plan. If he's in SERS, then yes. It's kind of a moot point though. He's made a pretty good living and has had his expenses covered at PSU since 2014. Just think of how much money you could save and invest annually outside of your retirement plan with that kind of salary and those expense perks. Suuweeet!

 

[Art]

And Sara Thorndike, who has been at PSU for less than a year and is a blithering idiot, also got a raise.

 

[Nitwit]

It would depend on which plan he has. Since he moved around so much he might be in TIAA-CREF, which is not a defined benefit pension plan. It's a defined contribution plan. If he's in SERS, then yes. It's kind of a moot point though. He's made a pretty good living and has had his expenses covered at PSU since 2014. Just think of how much money you could save and invest annually outside of your retirement plan with that kind of salary and those expense perks. Suuweeet!

I imagine when he retires he will make a substantial gift of $1 million or more, and get his name on the art museum.

 

[Art]

I imagine when he retires he will make a substantial gift of $1 million or more, and get his name on the art museum.

$1mmm gets his name on the art museum? PSU sells its ass cheap.

 

[mn78psu83]

I imagine when he retires he will make a substantial gift of $1 million or more, and get his name on the art museum.

I hope he does donate to the Art Museum. He should. I would think that it would have to be substantially more than $1 million to get it named after him though. $1 million might get a collection room.

 

[NittPicker]

I imagine when he retires he will make a substantial gift of $1 million or more, and get his name on the art museum.

I fully expect that to happen, especially if he thinks a new museum will befit the university.

I recall a football coach who put his money where his mouth was and made a generous donation to improve the university libraries. Time will tell if Barron has that type of commitment.

 

[MtNittany]

$1mmm gets his name on the art museum? PSU sells its ass cheap.

It should be named the Uni-mArt Museum. I think there's a location or two left. Somewhere.

See what I did there Art?

 

[Nitwit]

People on this board act like his salary is big money. What did you major in, art history? This is a pittance of what any decent hedge fund manager (yes - in New York City) makes. And who among us would have wanted our compensation tied to a magazine rating article? I think not. And by the way - hold the fries.

 

[mn78psu83]

People on this board act like his salary is big money. What did you major in, art history? This is a pittance of what any decent hedge fund manager (yes - in New York City) makes. And who among us would have wanted our compensation tied to a magazine rating article? I think not. And by the way - hold the fries.

That's true. Most anyone's salary is a pittance next to a decent hedge fund manager. Hedge fund managers also have the carried interest tax loophole. Not much of a comparison there.

 

[MacNit07]

So is that raise for dropping our US News ranking to 63, or giving the football facilities a ranking not in the top 25 despite revenue in the top 10? Oh wait I know. It is getting us to number 1. Highest in -state tuition for a public university in the country. Hail to the Onion Dip President

Let’s face it, in the real world he would be at risk of being fired.

 

[Art]

It should be named the Uni-mArt Museum. I think there's a location or two left. Somewhere.

See what I did there Art?

Musta' burned out a lot of circuits to come up with that one.

 

[MtNittany]

Musta' burned out a lot of circuits to come up with that one.

You must not have enjoyed the Sahakian Nachos as much as I did.