Rank riches

Arizona State President Michael Crow will earn a bonus if he improves the university’s third-tier ranking in the U.S. News college report.

. . . he would be paid an extra $10,000 for each of 10 goals he achieves and would get an extra $50,000 if he achieves all of them. Nine of the goals relate to actions on which the university is the key actor (goals such as increasing the diversity of freshmen, improving freshman retention, adding to research expenditures, improving faculty salaries, etc.). There is one goal over which the university has no direct control — an improved U.S. News ranking. If Crow achieves the other nine only, he would miss a shot at $50,000 in addition to the reward for the higher ranking.

Via TaxProf.

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  1. wayne martin says:

    > In interviews with Inside Higher Ed, experts on admissions
    > and executive compensation said that they had never heard
    > of a president’s compensation being linked explicitly to the
    > rankings —

    Well .. maybe not in the education sector .. but it happens all the time in the private sector. The article’s title asks: “Should US News Make President’s Rich?” Well .. given that college presidents are already make big bucks, it’s not clear how an extra few thousand, tied to performance, should be much of an incentive.

    Now, if the president’s main salary were tied to performance .. well.. that might be something very radical indeed.

  2. wahoofive says:

    The U.S. News college ranking is such a crapshoot. They intentionally change the criteria every year so that the top college will be different. Their purpose is to sell magazines, not further education. Setting your sights on that is a pretty silly endeavor.