FC: Trustees increase Penn State president’s total pay by $1M

Alphalion75

All-Conference
Oct 24, 2001
14,740
3,769
113
You are so wrong. But, if they would approve a billion dollar statue of Joe, you and many on this board would be ecstatic. So, I know it's really not about the money. Is it?
You're right junior. It was never about the money. It's boils down to what's right vs. what's wrong.
 

Pennst8

Senior
Oct 25, 2021
401
420
63
With the highest tuition in the B1G yes it is all about the money. As for the billion dollar statue....we already have one, somewhere. Amazing how everyone has come to the conclusion that Joe did everything correctly except a few
who just can't stand to admit they were wrong....stop scapegoating Joe!
Not scapegoating Joe. Just calling out idiocy and using him as a reference. Get it.
 
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Pennst8

Senior
Oct 25, 2021
401
420
63
If we win the natty this year, can we build the statue of James instead? Asking for a friend. 😀
In all seriousness regarding the topic at hand, as long as she’s earning her money in terms of rebuilding our academic foundation that has eroded over time, I personally don’t care how much she makes.
Not a fan of statues unless they are for someone who died for our country in war.
 

SleepyLion

All-Conference
Sep 1, 2022
2,322
3,307
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I have a question for the million dollar woman.... Where the the hell is Joe's Statue?
I would bet her reply to you would be something like...
christmas vacation GIF
 
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LB99

Heisman
Oct 27, 2021
9,259
13,020
113
With the highest tuition in the B1G yes it is all about the money. As for the billion dollar statue....we already have one, somewhere. Amazing how everyone has come to the conclusion that Joe did everything correctly except a few
who just can't stand to admit they were wrong....stop scapegoating Joe!
I don’t believe it is the highest tuition in the B1G. This dead horse has been beaten hundreds of times on here with one poster actually posting all the B1G tuition rates to let everyone see for themselves, yet this false narrative continues to thrown around. Saying it over and over doesn’t make it true, although in today’s society that seems to be accepted.
 
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Nitt1300

Heisman
Nov 2, 2008
6,687
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I don’t believe it is the highest tuition in the B1G. This dead horse has been beaten hundreds of times on here with one poster actually posting all the B1G tuition rates to let everyone see for themselves, yet this false narrative continues to thrown around. Saying it over and doesn’t make it true, although in today’s society that seems to be accepted.
but I saw it on the internet
 

PSUFTG

All-Conference
Nov 1, 2021
2,107
3,308
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I don’t believe it is the highest tuition in the B1G. This dead horse has been beaten hundreds of times on here with one poster actually posting all the B1G tuition rates to let everyone see for themselves, yet this false narrative continues to thrown around. Saying it over and over doesn’t make it true, although in today’s society that seems to be accepted.
Good grief. It is the highest in-state tuition in the Big Ten - and it isn't even close
 

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Moogy

All-Conference
Jul 28, 2017
3,959
2,710
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It is the highest in-state tuition in the Big Ten - and it isn't even close
And far worse when you look at net cost - where PSU is DOUBLE the average (cost minus financial aid - with PSU being the worst, by far, in institutional financial aid per student)
And even "worse worse" when you look at the degree to which PSU increases tuition based on college and year standing (which many schools do - but PSU more extremely)

Why would you say something so ignorant - when you could spend just a few minutes to find the truth You could go to IPEDS or any of numerous other sources - or just compile from each university's website. (Oh, I know why - the only concern you have vav Penn State University is that it continues to serve as a life-support system for Your football team. So all is well. Carry on.)

A couple years old - but even worse today:
Penn State’s Affordability Gap – BARRY FENCHAK

View attachment 912359


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The Big Ten Conference (B1G) Colleges Tuition Comparison

View attachment 912380

View attachment 912372

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You ranted, but you forgot to read.

The comment wasn't about highest in-state tuition. The comment was about highest tuition. So, the other poster was entirely correct that PSU does not have the highest tuition in the Big Ten, and you should apologize for calling him ignorant.

Maybe this is a habitual problem for you ... you're so apt to attack, that you forget to be accurate and factual. And there's no goodwill on that balance sheet to make up for the shortcomings. And that's how you end up booted from the BoT.

Regardless, if you want larger in-state discounts, that's on the legislators to actually fund that. The comparative lack of state funding explains the comparative lack of in-state tuition discounts ... and it's getting worse. Legislators use the "state-related" distinction to fail to properly support PSU.
 
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Big_O

All-Conference
Jun 28, 2001
1,452
2,345
113
This huge raise seems tone deaf in light of multiple campuses being shut down and hundreds of people losing their jobs

Struggles are for the little people I guess
Well where do you think they are getting the extra money to pay her from? ;-)
 
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PSUFTG

All-Conference
Nov 1, 2021
2,107
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Last y
This huge raise seems tone deaf in light of multiple campuses being shut down and hundreds of people losing their jobs

Struggles are for the little people I guess
Last year - the raise to $1.8 M per year - was "tone deaf"

This one - to $2,8 M is just so incredibly arrogant that it is almost awe-inspiring, in a ***** sort of way.
 

Achowalogan

Senior
Dec 12, 2014
375
772
93
Guessing she found the file left by Erickson and Barron that includes details of the actions of the 11/9.11 BOT home-grown terrorists…..She used that info to secure a raise.
 
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Achowalogan

Senior
Dec 12, 2014
375
772
93
Guessing she found the file left by Erickson and Barron that includes details of the actions of the 11/9.11 BOT home-grown terrorists…..She used that info to secure a raise.
Having now rendered the most factual post in this thread, maybe I’ll get the Heisman….
 
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BobPSU92

Heisman
Aug 22, 2001
42,629
33,334
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On the plus side, PSU could lock down Neeli with piles of cash money such that she’ll never leave.

😞
 

LB99

Heisman
Oct 27, 2021
9,259
13,020
113
Good grief. It is the highest in-state tuition in the Big Ten - and it isn't even close
Thanks for your insightful response. Part of which you apparently deleted because you come off as a disgruntled ex employee type. While the in-state tuition maybe the highest, the total cost to attend and overall average tuition cost is not the highest in the B1G, but you already know that, so you point out the in-state tuition to support your narrative. If you think I am a football centric mind, you couldn’t be more wrong. Bringing down the in state tuition would be of great benefit to me. PSU giving out more (or any) merit based student aid would also be of great benefit to me. Hence, why my original comment in this thread was about how many merit scholarships could be awarded with the money Neeli will get in the form of a raise.
 

Keyser Soze 16802

All-Conference
Apr 5, 2014
1,066
2,290
113
TribLive Editorial

"According to a recent report by the Chronicle of Higher Education, the change would make Bendapudi the second-highest paid public university president in the country, behind only Jay Hartzell at the University of Texas-Austin. She leapfrogs 15 public administrators, including those at Ohio State, Michigan, Clemson and Florida State.


This comes after another change last year that increased her incentive to stay, changing a $1.25 million sweetener to stay until 2027 to a $1.5 million check if she stays until 2032.


It’s not only disgusting to see this kind of flagrant increase while other people are losing their jobs and their educational homes. It’s also disingenuous.


How does anyone working for Penn State accept the need for belt-tightening when the president’s belt is being loosened to accommodate a fatter wallet? And how does a student — or a student’s parent — swallow the cost of a Penn State education knowing this is where the money is going?"
 

Nittering Nabob

All-Conference
Sep 17, 2024
2,518
2,350
113

Penn State trustees approved a new compensation package for President Neeli Bendapudi that includes a $1 million increase in compensation. The package, finalized in a 34-1 vote by university trustees on Friday, raises Bendapudi’s compensation to roughly $2.8 million. Only trustee Anthony Lubrano voted against the measure, which passed without any board discussion.

According to the package’s terms, Bendapudi’s base salary will increase from $950,000 to $1.4 million with 3.5% increases each year, while her pension will jump from $250,000 to $525,000. The measure also included a performance-based incentive clause that could raise her base salary by 15% and an additional $95,000 increase to her deferred compensation, which rises to $650,000.

Under the terms of her previous contract, Bendapudi’s compensation was about $1.8 million. Under the new terms, Bendapudi’s contract now extends to 2032 after adding two years to her five-year rolling contract.

“I want to thank the hard work that went into this by the human resources committee and the board for the thoughtful review and engagement we’ve had in our meetings leading up to this,” board chair David Kleppinger said. “It’s an important process for discussion, and it’s clearly the hope of this board that President Bendapudi will be our leader for many years to come. We’re grateful for her strategic, courageous and compassionate leadership.”

Terms of Bendapudi’s newly approved compensation package were first shared in what was supposed to be a private executive session on Thursday. According to the Philadelphia Inquirer, the livestream intended to air trustee committee meetings was turned on early and shared audio but not video of the executive session. The stream shut down roughly 15 minutes into the meeting, the Inquirer said. During their executive session, university trustees said Bendapudi’s compensation ranked slightly below the median with respect to her peers, though it was unclear who comprised that group, the Inquirer reported. The new compensation package and raise will move her pay up to the 80th percentile.

Bendapudi ranked seventh in overall compensation among 180 public doctoral university presidents in 2024, according to the Chronicle of Higher Education’s latest survey.

According to discussions heard by the Inquirer during the executive session, a consultant presenting the compensation package said university presidents face increasing challenges in a “highly politicized” environment. The consultant cited increased turnover in university leadership across the country and significant decreases in the length of leadership tenures, the Inquirer reported.

During the executive session, Kleppinger said Bendapudi hopes to complete an institution-wide career services assessment for students, develop internal strategies for artificial intelligence, increase financial stewardship and unify academic and community clinical positions at Penn State Health into one group, among other initiatives. Kleppinger noted the president has not finalized those goals, according to the Inquirer.

Bendapudi enters her fourth year at Penn State’s helm as the university manages several challenges, including budget cuts and plans to close seven campuses across Pennsylvania. She has faced criticism from some faculty and had a vote of no confidence in her tabled at a faculty senate meeting in February. Some faculty members have also started working to form a union.

Read more at: https://www.centredaily.com/news/local/education/penn-state/article311947448.html#storylink=cpy
What does @Tony 83 think about this compensation escalation? 😎
 

PSUFTG

All-Conference
Nov 1, 2021
2,107
3,308
113
Wow. That's even more incongruent than I thought it would be.
Yep.

When I first found out that the Board was going to bestow (another) raise upon her, i had a rough idea of what the magnitude of the raise would likely be, and how it might be structured.

When I found out what it was? Holy cow! Never would have expected anything that outlandish.

Most folks around PSU, I think, know how Neeli Bendapudi values her skills as a marketer and "framer of the message".
To do something this tone deaf - both the magnitude of the salary/raise, and, even more so, the complaining of being "underpaid" and "underappreciated" at $1.8 Million - is just stunning.
Stunning at any time. But when overlayed with the controversial decisions that were explained as being necessary due to fiscal concerns? At a time when faculty/staff have been repeatedly told "I am so sorry. I value you so much - but there just isn't any money available in the budget?" Amidst the supposed lobbying of the State for more money? While faculty are at least considering unionization?

Wow! Could you possibly frame a worse message?
 

BobPSU92

Heisman
Aug 22, 2001
42,629
33,334
113
I decided look up pitt’s chancellor’s salary.

https://www.utimes.pitt.edu/news/trustees-approve-25

”Several of Pitt’s senior executives will receive 2.5% raises next year, but Chancellor Joan Gabel has requested that her raise instead be added to the staff’s Compensation Modernization project.

Gabel was hired in July 2022 at a base salary of $950,000 and was not eligible for a raise in 2024. The 2.5% increase she would have received for 2025 amounts to $23,750.

“This was the first cycle where I’ve been fully able to work with staff leadership on the compensation modernization program, but it was also a cycle where we had a limited raise pool — so deferring my salary increase is one small way to show that I’m serious about supporting the program,” Gabel said.”


😞