Affairs News PRESIDENT McCORMICK
Extramarital Affairs News
RUTGERS PRESIDENT McCORMICK
He had an affair at his last job. And he lied about it.
Frankly it's hard to work up a lot of editorial lather over this, or to clamor indignantly for McCormick's resignation. Yes, it was wrong. But this kind of wrong is generally between a man and his family.
Yes, the episode calls into question McCormick's honesty. And having an affair with an employee is a big question mark regarding his managerial judgment. But we have larger concerns about McCormick's hiring.
We are concerned about the fact that McCormick is being paid a staggering $525,000 annual salary and a $100,000 annual "retention bonus." (That's right, he gets an extra half-million dollars just for sticking around for five years.) That makes him the third-highest-paid public university leader in the nation, according to the Chronicle of Higher Education. And that doesn't count more traditional college-president perks such as palatial housing and a car.
The annual base tuition at Rutgers - after a 9 percent hike this year - is $6,300. So about 100 students could attend the university for McCormick's annual salary.
McCormick is at the leading edge of a growing trend toward CEO-style salaries and perks for college presidents at public colleges. Being a college president is an increasingly complex job, requiring many of the same skills as a CEO, and that fact can't be minimized or ignored. But still - these are colleges that are funded in part by taxpayer money. They are public colleges that, in these tough fiscal times, are seeing steep tuition hikes.
State officials need to grapple with the question of how much is too much when it comes to paying public college presidents. McCormick's salary seems like a good place to start.
Secondly, we are concerned that in addition to paying McCormick a whopping $625,000 a year (if he stays five years, of course), Rutgers spent another $279,000 for a head-hunting firm just to find and check out the guy. Talk about corporate-style expenses.
And for all that, the search firm didn't even uncover the extramarital affair.
The head of the search committee said it wouldn't have mattered anyway. "We were not out looking for candidates for canonization to sainthood," he told The Star-Ledger.
Really? For a $279,000 search plus a $625,000-a-year salary, you sure as heck should have been.
Full credit for this news article goes to: Press of Atlantic City, NJ
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