Governor's office recommends standardizing college president contracts
Florida's Chief Inspector General in the governor's office has taken a close look at the pay and benefit packages of the state's 28 college presidents, and found a wide variance among them.
So much, in fact, that she's recommended that the Department of Education work with the college boards of trustees to create a set of standards to guide compensation and related decisions moving forward. Driving the suggestion are some pretty stark numbers.
For instance, the highest paid president, Miami-Dade's Eduardo Padron, has a total package that's $486,291 higher than the deal of the lowest paid president, North Florida's John Grosskopf.
Eleven college presidents had contracts with automatic rolling renewal, while just eight had contracts tied to performance. Six had separation agreements that would allow their presidents, if dismissed, to get severance beyond what's allowed in law, while four had no severance language at all.
Each of the colleges had the opportunity to reply to the report before it came out. View the full document here.