WEST LAFAYETTE, Ind. (WLFI) - Purdue University President Mitch Daniels will have five new goals to meet if he wants his full $126,000 in at-risk performance pay.
Friday, the Board of Trustees approved the five goals that will determine how much of that at-risk pay Daniels could earn.
The five goals include student affordability, graduation rates, two committees for student success and university academic excellence, and fundraising. They will be weighted as follows:
- Student affordability - 25%
- Graduation rates - 25%
- Student success - 10%
- University academic excellence -10%
- Fundraising - 30 %
The trustees will annually evaluate Daniels to see how much of his at-risk pay he might receive. Initially, the trustees offered Daniels a salary of $555,000. He wanted that lowered to $546,000 with 30 percent, or $126,000, be at-risk based on his performance. The fixed portion of his pay will remain at $420,000.
The maximum Daniels can make is $546,000 and is still less than previous president France Cordova. Cordova made $550,000 in her final year. The trustees mentioned that Daniels' base salary ranks ninth among base salaries for Big Ten public university presidents.
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