SIAP: Penn State board of trustees subcommittee OKs $71K pay raise for university executive

[Nitwit]

Showed our general counsel a copy of this post. She laughed.

Sure you did. I showed it to mine too. He didn’t.

 

[Pennst8]

My corporation (fortune 500 company) isn't operating at a $166 million deficit in less than an (academic) year Maybe that's why they're making money.

You are kidding, right? Are you actually telling me that companies with hundreds of millions in losses don't provide MEGA million golden parachutes to retired/fired executive?

 

[BobPSU92]

Sure you did. I showed it to mine too. He didn’t.

Art’s general counsel laughs at your general counsel.

 

[PSU12046]

You are kidding, right? Are you actually telling me that companies with hundreds of millions in losses don't provide MEGA million golden parachutes to retired/fired executive?

We don't fire executives. They retire with a pretty good portfolio of stock investments accumulated over their employment. We're operating in the black for many, many years. We're not operating at a $166 million deficit in less than an (academic) year. As of today our stock value is at $230.90/share

 

[razpsu]

I have 3 daughters that now may go to psu from out of state South Carolina. That is at least 150k a year I will pay. I am increasing the price of pancakes 16 percent!!!

 

[PSU12046]

I have 3 daughters that now may go to psu from out of state South Carolina. That is at least 150k a year I will pay. I am increasing the price of pancakes 16 percent!!!

Trickle down economics!

 

[BobPSU92]

We don't fire executives. They retire with a pretty good portfolio of stock investments accumulated over their employment. We're operating in the black for many, many years. We're not operating at a $166 million deficit in less than an (academic) year. As of today our stock value is at $230.90/share

Your company needs to learn to spend (lots of) money.

 

[BobPSU92]

Trickle down economics!

Pass along costs down the value chain.

 

[Pennst8]

We don't fire executives. They retire with a pretty good portfolio of stock investments accumulated over their employment. We're operating in the black for many, many years. We're not operating at a $166 million deficit in less than an (academic) year. As of today our stock value is at $230.90/share

CEO pay in 1965 was 15 times the worker. 1990 it was 45 times the worker pay. In 2020 #55 time worker pay. And the problem is a University during a pandemic dealing with a deficit? Jese H Chr....!

 

[PSU12046]

CEO pay in 1965 was 15 times the worker. 1990 it was 45 times the worker pay. In 2020 #55 time worker pay. And the problem is a University during a pandemic dealing with a deficit? Jese H Chr....!

I guess we're just operating under a different business model to make money and not operating at a $166 million deficit in less than an (academic) year and raising tuition. We somehow made it thru the pandemic on the plus side. No need for the potty mouth.

 

[GrimReaper]

Art’s general counsel laughs at your general counsel.

All the way to the bank, Bob.

 

[Pennst8]

I guess we're just operating under a different business model to make money and not operating at a $166 million deficit in less than an (academic) year and raising tuition. We somehow made it thru the pandemic on the plus side. No need for the potty mouth.

I'd rather potty mouth than the soft, quiet, dismissive voice of I got mine, go get your's.