Howard U gives administrators over a million dollars in raises then increase tuition

[TSUGIRL07]

Ranging in size from $97,006 to $522,184, the bonuses were awarded in 2010 and disclosed on the private university’s most recent Form 990 filing with the Internal Revenue Service. The three largest bonuses were negotiated in 2007 – on the recommendation of “an independent compensation consultant,†the college explained on its IRS form – just before Ribeau’s hiring. No such bonuses were awarded in 2009.

Hassan Minor, senior vice president for strategic planning and external affairs, received the largest bonus. Minor’s total compensation that year was $836,788 -- almost $115,000 more than Ribeau, who did not receive a bonus. Artis Hampshire-Cowan, senior vice president and secretary, received a $302,820 bonus in addition to her $213,552 base salary. Norma Leftwich, general counsel, was awarded $224,050 in addition to her $252,930 base salary. Wayne Frederick, now interim deputy provost for health sciences and then director of the cancer center at the university hospital, received a $97,006 bonus on top of his $586,335 base salary. Frederick’s total compensation was also higher than Ribeau’s, though his bonus was negotiated separately from the others.

While those awards might raise eyebrows in even the sunniest budget years, the fact they came just before the college slashed its degree offerings and announced a 12 percent undergraduate tuition hike.



Read more: http://www.insidehighered.com/news/...en-announces-austerity-measures#ixzz1nzBx9MmQ
Inside Higher Ed

 

[jsupop33]

Re: Howard U gives administrators over a million dollars in raises then increase tuit

One day, all this isht is going to backfire on some schools. The problem with Howard is they think their market value is higher than what it actually is.

 

[the band fan]

Re: Howard U gives administrators over a million dollars in raises then increase tuit

I feel you..alot of HBCUs pay way more than market value to the point where you can only go to the SEC, etc.

 

[The Founder]

Re: Howard U gives administrators over a million dollars in raises then increase tuit

This is sad...why do our HBCUs feel the need to be top heavy in salaries. The amount in raises could have cleared out GSU's debt to Spears and almost cut the $900k in budget cuts in half.