Will CEOs Get Paid Less Than Spanier?
President Obama has stated that compensation for executives at companies receiving stimulus, or bail-out, money will be capped at $500,000.
Businesses aren’t the only ones receiving funds from the government in this stimulus package, so are universities; Graham Spanier, as of 2006, has a yearly salary of $545,016.
Obama’s mandate does not affect university administrators, however it will be intersting to see if Graham gets paid more than the Detroit CEOs or the Wall Street captains next year or if he gets a pay-cut?
[Thanks for the idea goes to The Daily Pennsylvanian]
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Sandy Barbour will make an average of $1,269,000 per year as part of the new deal, which runs through August 2023.
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