The Chronicle of Higher Education is reporting that the total cost of employment to Penn State University for President Graham Spanier is $800,592. The figure comes from adding salary– which in Spanier’s case is $620,000 — to things like housing, bonuses, deferred compensation, retirement set aside, car allowances, tuition assistance and related spousal pay.
On the basis of salary, Spanier does not rank in the top 10 of public college compensation. When everything is included he jumps to number five.
Number one in both categories is Ohio State President E. Gordon Gee who has a $1.322 million salary and $1.818 million total cost of employment.
Penn State, like Temple, Pitt and Lincoln, is a “state-related” school in that while it gets public money, its governance is independent of the state.
The budget passed May 24 by the State House would give PSU $252 million in tax dollars this year, which is $81 million less than last year. Spanier is upset about this but he is not as upset about this as he was about Gov. Corbett’s proposed budget which sought to cut $168.76 million in tax funds from the institution.
It should be noted the state contribution has traditionally made up about 10 percent of Penn State’s budget.
There is nothing wrong with someone earning $800 thousand in compensation despite what some, such as Philadelphia Inquirer cartoonist Tony Auth, might think. There is a lot wrong, however, with someone getting that money when some of it is obtained through the threat of force which is how taxes are obviously obtained.
If Spanier wants to be among the filthy rich his school should not get a penny in state subsides.
And yes, that applies to Joe Paterno, about whom you can actually make a case that he objectively earns his paycheck, too.
For the record, the House budget provides subsidizes of
- $125 million to Pitt, which is a cut of $42 million
- $129 million to Temple, which is a cut $43 million
- $10.3 million to Lincoln, which is a cut of $3.4 million.
Hat tip to Tea Party activist Bob Guzzardi.