In this March 7. 2015 statement from the Arizona Board of Regents, we read, “Universities were dealt a big blow in the fiscal year 2016 budget with $100 million in cuts. Cuts to university budgets represent 63 percent of all hard cuts made in the name of balancing the state budget.” But ABOR president Eileen Klein also notes, “Our governor challenged our state to think big.”
That “challenge” was obviously taken literally with the massive salary, benefits and 6-figure performance bonuses “for meeting goals,” being doled out to the presidents of Arizona State University (Michael Crow), University of Arizona (Ann Weaver Hart) and Northern Arizona University (Rita Cheng). Cheng, the most recent hire, didn’t fare as well as her peers — this year.
Crow took a $10,000 hit for falling short of the “benchmark” of bachelor degrees conferred.
As they were distributing the big bucks Thursday, the regents generously threw in a $200,000 pay increase for ASU’s head football coach. Todd Graham’s annual salary now skyrockets to $3 million a year — excluding bonuses.
We recommend you read the facts and figures — printed in the daily newspaper — on an empty stomach.