Executive Compensation at UW Madison
Last week UW Madison employees got the details on their pending benefits cuts, which will take a substantial hack at their earnings during the coming years. At the same time, we also got word that at least two folks at UW Madison wouldn't be feeling the pain--quite the contrary actually. Barry Alvarez has a new deal amounting to $1 million in total compensation (a 20% raise), and Francois Ortalo-Magne was named dean of the biz school with a salary of $410,000 . While former dean Mike Knetter's salary was completely paid for by the Albert O. Nicholas endowment, apparently some of the new dean's salary (how much? we aren't told) is covered by UW Madison central administration. This apparently amounts to a 109% increase in 43-year-old Ortalo-Magne's salary. Outgoing chancellor Biddy Martin approved both deals as she left UW Madison. According to the posted agenda for the upcoming UW System Regents meeting, these two aren't alone... "Move into closed ses...