That could have been the headline in an alternate
universe where outgoing Indiana Gov. Mitch Daniels sought and won
the Republican presidential nomination.Instead, the
“motorcycle-riding, Reason-subscribing, ObamaCare-trashing,Postrel-and-Hayek-reading governor”
with a tumultuous
love life is bringing a private sector sensibility to his new
gig as the president of Purdue University.
The Wall Street Journal explains:
Under the terms of the contract, Mr. Daniels will earn base pay
of $420,000. That’s near the $421,000 average for presidents of
public universities, according to a Chronicle of Higher Education
analysis, and down from the $555,000 earned by Purdue’s previous
president. Mr. Daniels could then make up to 30% in bonuses tied to
hard outcome metrics like graduation rates, student affordability,
faculty hiring and achievement, and philanthropic support. Even if
Mr. Daniels met 100% of his targets, he’d still rank 10th in
compensation among the Big Ten presidents.
Daniels left Indiana with a
$500 million budget surplus and $2 billion in reserves, so
(since we’re already in a alternate universe) why not take a minute
to indulge in a scenario where POTUS—or better yet,
congressional—pay was tied to stuff like passing balanced budgets,
keeping campaign promises, and/or transparency.
Taken from:
President Mitch Daniels Opts for Merit Pay
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