The more I watch the Occupy Wall Street malcontents, the more I’m convinced this is nothing more than a contrived movement orchestrated by committed leftists.
Most of the protesters are complaining that ‘bankers’ and CEO’s of evil corporations excessive compensation are hurting the average citizen. Many college graduate protesters are complaining that they have run up extravagant student loans and wan’t them forgiven (as if they were forced into taking out those loans).
According to their demands at the outset, student loans debt forgiveness is a top concern for the protesters.
But the funny thing is, while they are directing all their ‘anger’ at big business (and unconvincingly at crony capitalism) they are missing one of the biggest target’s for protest. It combines the crazy cost of college and the crony capitalism they claim to despise.
Overpaid college administration at PUBLIC Universities.
Coleman, who was the highest paid president of a United States public university when she took her post as president in 2002, has slipped in the rankings for the second consecutive year. Last year, Coleman ranked as the fifth highest-paid public university president and in 2007 she was the fourth highest-paid executive among public universities.
For the last fiscal year, Coleman’s total compensation package from the University came out at $783,850. The compensation package includes $553,500 in base salary, $100,000 retention bonus, $75,000 in deferred compensation, $24,500 in retirement pay and $30,850 in supplemental retirement pay.
In addition to her compensation, Coleman has an expense account for business-related operations and travel. She is also provided with a car and is given full use of the historical president’s house at 815 South University Avenue.
Coleman’s salary is determined by the University’s Board of Regents who vote on the matter after an annual review process led by the Personnel, Compensation and Governance Committee of the Board of Regents.
In the 2009 fiscal year, Coleman received a 4-percent raise, increasing her base salary by about $21,000.
I mean, if you want to complain that college is too expensive, don’t blame Wall Street.
Tell me about it. My oldest started college this year. Ouch.
Yep, college is becoming crazy expensive.
Great post, Steve. Public university presidents’ exorbitant compensation caught my attention last fall, what with Michigan universities’ substantial tuition increases.
If the OWS malcontents would protest about their student loan debt at the colleges rather than complaining about bankers and CEO’s I might take them a little more seriously.
Just a little bit.
For the last fiscal year, Coleman’s total compensation package from the University came out at $783,850 … for turning out morons that voted overwhelmingly for Obama.
d(^_^)b
http://libertyatstake.blogspot.com/
“Because the Only Good Progressive is a Failed Progressive”
That and raising tuition so more students are beholden to Obama’s takeover of student loans.
Problem is that out of the top overpaid CEOs, Only one works on wall street. http://www.ironmill.com/2011/10/21/america%e2%80%99s-top-8-overpaid-ceos-gave-heavily-to-democrats-only-one-works-on-wall-street/