Genshaft Nets Highest Pay Among FL Presidents

[NCBull]

http://wusfnews.wusf.usf.edu/post/usf-president-genshaft-receives-bonus

By MARK SCHREINER

Relocating the University of South Florida Morsani College of Medicine to Jeff Vinik's proposed redevelopment zone in downtown Tampa wasn't the only big story to come out of last week's USF Board of Trustees Meeting.

While reporters were busy interviewing Vinik and USF Health representatives about the decision, the Trustees were approving a $168,875 bonus for USF System President Judy Genshaft.

That's in addition to her $470,000 base pay ($200,000 from taxpayers, $270,000 from the USF Foundation), as well as an annual $100,000 retention stipend she'll get if she's still president when her contract ends in 2016.

Genshaft has been USF President for 14 years, the longest tenure in the university's almost 60 year history.

Genshaft received a bonus of $166,250 last year. The upper limit for her bonus is $175,000.

USF student newspaper The Oracle reports Genshaft also receives residence at the Lifsey House on campus, a vehicle that's replaced at least once every three years, and membership to the Tampa Palms Golf and Country Club.

Of all public university presidents in the state, Genshaft’s base salary is second only to the $475,000 Florida International University President Mark Rosenberg earns. Though, he does not have the opportunity for a bonus.

The respective presidents of Florida State University and the University of Florida earn a base salary of around $432,000.

TBO.com said a report to the board showed Genshaft met 22 of the 28 goals set for her for the 2013-14 year, partially met three more and failed to meet three others.

The three goals she did not meet fell under the category of student success. She aimed for a 90 percent retention rate for a 2012 freshman cohort at the Tampa campus and 74 percent at St. Petersburg; the numbers came in at 89 percent and 60 percent. And she was shooting for an average three-section SAT score for fall 2013 first-time-in-college students of 1786; the actual number was 1772.

USF also brought in $428 million in research expenditures, an increase of $15 million this year. That places the school 43rd in the National Science Foundation's rankings of higher education research spending, trailing only the University of Florida among state schools.

USF also raised $114 million in its USF: Unstoppable Campaign, a single-year record.

[Apis Bull]

With the $15 million increase in research funding and the $114 million in the Unstoppable Campaign, I think we could pay her an extra couple hundred thousand.  Our football situation aside, she's done a great job.

[Hem]

She is doing fantastic. Her pay is well earned. 

[2000bull]

so she has a high base salary, but what are the overall compensation packages of the other presidents

[Apis Bull]

so she has a high base salary, but what are the overall compensation packages of the other presidents

 

I would imagine they are much higher.

[Apis Bull]

Compensation at the top of Florida's universities

| 6/11/2013

State university presidents’ five-year contracts typically include health and life insurance, state employee retirement plan contributions, travel expenses for spouses outside university service areas and a paid sabbatical if they resign from the presidency and remain at the school.

 

Mark Rosenberg

Florida International University

Base salary: $475,000

Other compensation: Deferred compensation of $75,000 a year

Other benefits: Required to live in president’s house; $10,500 car allowance; tenured professorship

 

Judy Genshaft

University of South Florida

Base salary: $470,000

Bonuses: Performance stipend of up to $175,000

Other compensation: Deferred compensation of 12% of base salary

Other benefits: Retention stipend at rate of $100,000 annually upon completion of contract (2016); car; membership in Tampa Palms Country Club and University Club; tenured professorship; required to live in president’s house

 

John Hitt

University of Central Florida

Base salary: $463,500

Bonuses: Undefined lump sum incentive at board’s discretion

Other compensation: Deferred compensation at 20% of base salary

Other benefits: Car; $4,000 monthly for spousal travel, memberships at Citrus Club and Interlachen Country Club; required to live in president’s house

 

Eric Barron

Florida State University

Base salary: $395,000

Bonuses: $100,000 for each $100 million raised during fundraising campaign

Other compensation: A retention bonus of $400,000 if he stays for eight years; deferred compensation of 15% of annual base

Other benefits: Car; required to live in president’s house; tenured professorship

 

Bernard Machen

University of Florida

Base salary: $375,000

Bonuses: Retention bonus after five years of $225,000; $300,000 additional potential bonus after eight years, $100,000 more after nine

Other compensation: Annual retirement contribution of $75,000; tenured professorship

Other benefits: Car; house

[The Great 8]

So, public university presidents get paid more than the US president?

[Guest PCBull14]

So, public university presidents get paid more than the US president?

 

Been that way for awhile when it come to straight base pay. I don't know how it works, but I would assume the President of the United States wouldn't need to worry about paying for much of anything...even after they left office.

[theman123]

Good for her!

Edited December 12, 2014 by theman123

[MikePhillips]

a true class act, she deserves and has earned every penny. 

 

She's an amazing woman, we're lucky to have her