WEST LAFAYETTE, Ind. — Purdue University officials are set to determine whether its president, former Indiana governor Mitch Daniels, has earned a possible $210,000 in incentive pay.
The university’s board of trustees is scheduled to vote on his incentive pay Friday. They’ll determine whether he hit targets for a number of metrics in four categories, including student affordability, student success, fundraising and the university’s reputation and excellence, the Lafayette Journal & Courier (http://on.jconline.com/2daa2hF ) reported.
Daniels is guaranteed $420,000 for his base salary. His total salary could reach $630,000 if he receives all of the at-risk pay.
He’ll also receive an additional $100,000 the trustees pledged to give him last year if he stayed until June 30, 2016, which was part of a retention incentive. The incentive promises Daniels additional pay for every year he stays at the university until 2020.
Daniels received 90 percent of the $126,000 of possible at-risk pay in the 2014-2015 academic year.
In addition Daniels was paid extra for areas he exceeded expectations such as donations, which reached $343 million, surpassing the board’s $260 million goal.
Last year, four-year and six-year graduation rates hit a few percentile points higher than the goal. Graduation and retention rates among underrepresented minority students also rose above the set targets and exceeded the rates from the previous year.
The university was also recognized for an important Zika breakthrough and recently ranked fourth best public college in the U.S. by the Wall Street Journal.
The board will consider all of Daniels’ success for 2016 on Friday before making their final decision.
Information from: Journal and Courier, http://www.jconline.com