Brogan Declines Bonus
Posted
#184464
(In Topic #32178)
Wise Owl
Member since 2005
Topic Galleries - South Florida Sun-Sentinel.com
Florida Atlantic University President Frank Brogan has declined to take a large bonus this year, FAU board of trustees Chairman Norman Tripp said in an e-mail to his trustees.
"I agreed with his assessment that due to the budget situation and reductions, it is not a year to consider a bonus, although I believe he has clearly earned one," Tripp wrote.
Brogan, who is paid $357,376, received a $32,438 bonus last year. But this year, the university had to make almost $7 million in state-mandated cuts because of lower-than-projected tax collections. The trustees have also been cutting expenses to offset a controversial $578,000 severance package that Brogan approved for a former fundraiser.
Brogan's contract runs through March 4, 2009.
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Posted
Wise Owl
Member since 2004
Re: Brogan Declines Bonus
Posted
Wise Owl
Member since 2007
Re: Brogan Declines Bonus
FAU - THE REAL SLEEPING GIANT
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VIP DONOR
Member since 2007
Re: Brogan Declines Bonus
And, with that salary and the power he has… a university president job is really an enviable thing. I'm surprised I haven't met anybody at FAU who has an ambition of being a university president.
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Curious Owl
Member since 2007
Re: Brogan Declines Bonus
Posted
Wise Owl
Member since 2007
Re: Brogan Declines Bonus
owler said
wow…couple that salary with free housing and that's an amazing package
No doubt the fair market rental value of the house is taxable. Something like a parsonage. What would a house like that rent for in Boca Raton. $3000/mo? I don't know. Then again, how much of the mansion is considered his residence?
FAU - THE REAL SLEEPING GIANT
Posted
Wise Owl
Member since 2006
Re: Brogan Declines Bonus
illinoisowl said
owler said
wow…couple that salary with free housing and that's an amazing package
No doubt the fair market rental value of the house is taxable. Something like a parsonage. What would a house like that rent for in Boca Raton. $3000/mo? I don't know. Then again, how much of the mansion is considered his residence?
He lives in a 2 bedroom apartment on the second floor.
Posted
Wise Owl
Member since 2004
Re: Brogan Declines Bonus
Brogan Declines Bonus
In all seriousness, a 10% bonus for a state employee is a huge bonus. Most faculty get somewhere between 2-3% per year and they are making 1/5 of what Brogan makes.
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VIP DONOR
Member since 2004
Re: Brogan Declines Bonus
owlfan1 said
He should have taken the bonus and then turned around and donated it to the stadium fund.
In all seriousness, a 10% bonus for a state employee is a huge bonus. Most faculty get somewhere between 2-3% per year and they are making 1/5 of what Brogan makes.
GO OWLS!!!
Bonuses were decimated this year. Employees received a one-time $1000 bonus, regardless of salary. In other words, their base salary stays the same, which is very bad in the long-term.
Of course, FAU has not raised the salaries of their graduate employees one penny in years, but don't get me started on that…
Posted
Administrator
Member since 2006
Re: Brogan Declines Bonus
Lm77 said
owlfan1 said
He should have taken the bonus and then turned around and donated it to the stadium fund.
In all seriousness, a 10% bonus for a state employee is a huge bonus. Most faculty get somewhere between 2-3% per year and they are making 1/5 of what Brogan makes.
GO OWLS!!!
Bonuses were decimated this year. Employees received a one-time $1000 bonus, regardless of salary. In other words, their base salary stays the same, which is very bad in the long-term.
Of course, FAU has not raised the salaries of their graduate employees one penny in years, but don't get me started on that…
if the place ran like a business (with proper "shareholder" accountability) then they woudnt need to do that…but with departments lke traffic and parking (im not even going to get started on that), and a myriad of others, its no wonder…….
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