December 16th, 2014
University of Oregon trustees are mulling whether to use the tools of business to recruit, sign and retain a new president to run the UO.
They’re kicking around ideas such as a signing bonus, pay-for-performance compensation, use of a jet for work trips, penalties for early departure and/or deferred compensation — perhaps totaling $600,000 to $800,000 annually. That would handily top the $544,000 annual package of previous president Michael Gottfredson.
“Clearly, (incentives are) used in worlds we come from,” said Connie Ballmer, chairwoman of the UO Board of Trustees’ presidential search committee.
Gottfredson’s pay rate won’t get a top-caliber candidate to the UO, she said. It’s “crystal clear from the search firm that we are way low,” she said.
Trustee Susan Gary, a law professor who represents faculty on the UO Board, suggests a more earth-bound approach, such as scaling the president’s pay to faculty salaries, which average roughly $100,000 a year.