WEST LAFAYETTE, Ind. (WLFI) - The Purdue Board of Trustees has approved more than $58,000 in performance-based incentive pay for President Mitch Daniels and that's only for his first six months of work.
Friday's Board of Trustees' agenda was filled with items like appointing new university officials and implementing new medical plans for 2014. But the topic everybody was wondering -- how much would President Mitch Daniels get in performance-based incentive pay?
"It seemed like he was on roller skates, going all the time. Meeting people, attending events, and so on. It was just a good performance and it exceeded our expectations," said Chairman Tom Spurgeon.
Exceeding expectations landed Daniels $58,000. The trustees rewarded Daniels the full 30 percent available for his work during his first six months as president. Trustees based the figure primarily on a qualitative evaluation of his performance. But Spurgeon said Daniels will work off quantitative evaluations for the next academic year.
"We're looking at student debt, we're looking at graduation rates, you know, increasing those and so on. That's a point to start. You have to get into a definition. What does it mean to increase the graduation rate? And which ones are we talking about?" said Spurgeon.
Daniels said the tone has been set and he plans to keep moving forward.
"I hope that we, in a small way, have set the right tone both for economy, because we're really serious about keeping this place affordable for students and about performance," said Daniels.
Also on Friday, the trustees officially selected a new chairman. Former Vice Chair Spurgeon replaced Keith Krach. Krach is retiring.
"I could have worked with anyone the board chose, but I don't mind telling you, I think they chose exactly the right person," said Daniels.
"This is coming at, however, when the board is evaluating our planning various elements. What is it we want to accomplish? And how do we get there?" said Spurgeon.
Daniels has a base annual salary of $420,000, with an extra 30 percent possible from incentives. That's total maximum of $546,000 -- which is still less than previous President France Cordova.
By coincidence, the board met the same week Daniels is under fire for an Associated Press report. After the meeting, Daniels defended his position. He said 99 percent of parents in the state would want their children to use some other book than Howard Zinn's book, which Daniels said is a false version of American history.
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