He’s quite a deal at 3/4 of a million, plus, plus, plus…
The usually fawning Arizona Republic is shining a bright light on ASU’s President Michael Crow. The headline was captivating in its revealing jab, “Reaching for the bonus money.“ In what appears to be a carefully selected accompanying photo, Crow is ostensibly waving. But with his fingers splayed, and riveted stare, he appears to be grasping for an unseen money bag.
The report says. “ASU’s crow could get up to $260,000 extra in 3 years.”
There is only one takeaway. Crow has done something to tick off the newspaper. The question is, what is it?
There appeared to have been a respite after the March 2008 article in which the daily ripped Crow’s wife Sybil Francis questioning her hiring by the ASU Foundation for the healthy sum of $160,000. Interestingly, in her current Center for the Future of Arizona bio, she is still “deeply embedded in the Arizona State University Community and serves as a Senior Advisor to the ASU Foundation.” The Foundation is ASU’s main fundraising arm.
At the time, Johnnie Ray, ASU’s Foundation’s president and chief executive officer, called her a “senior advisor” and claimed the Crow/Francis duo was worth their weight in gold. According to Ray, Francis “is present at many university events and helps cultivate potential donors.”
How she serves as a senior advisor to the group that hired her is mystifying.
And Crow? His annual salary of $475,000 plus benefits comes in at $742,500. There’s that $50,000 housing allowance to assist in maintaining their exclusive $1,250,000 Paradise Valley digs, and a nifty $10,000 yearly car allowance. The ASU Foundation on which his wife serves as a “senior advisor” kicks in an additional $100,000 annually in compensation. His yearly $85,500 pension and $22,000 in retirement, would round it all out nicely…but then there are the proposed yearly crank-up bonuses: 2013: Up to $40,000, 2014: Up to $40,000, and the major step-up in 2015: Up to $180,000 for exceeding benchmarks for freshman retention, research revenue, bachelor’s degrees awarded and transfer students.
That bonus money Crow was reaching for? In a move that surprised no one, the Board of Regents approved it yesterday, adding the $260,000 bonus clause to his contract.
And Sybil Francis? Finding her current salary is a task we have not mastered. But it’s a sure bet it far exceeds the $160,000 salary she was paid five long years ago.
We’ve written about Michael Crow previously: