Administrating Greed

While faculty, students, and staff  has been struggling through a recession and its lingering aftermath, the administrators have quietly been lining their pockets.  If the American Council of Trustees and Alumni folks are complaining,  the privileged pot calling the kettle black, then you know the greed is getting embarrassing.  The ACTA cites statistics from a survey of administrators.

43 percent of respondents “said that they were the first such employees to hold the title at their institutions.” – 51 percent of respondents “reported having annual budgets that exceed $300,000.” – More than 2/3 of respondents reported that their annual income was at least $100,000 while 14 percent reported an income in excess of $200,000.

Deregulated markets have created the same distortion in healthcare.  It’s not unrelated to the more traditional forms of corruption that’s become routine in big sports programs.  The administrators can only line their pockets– and bribe young athletes–because their control of institutions is so unchecked. The lack of unions is just as important as the lack of regulatory oversight.

About Ray Watkins

I was born in Baton Rouge, Louisiana, at Our Lady of the Lake Hospital. I grew up in Houston, as a part of what we only half-jokingly call the Cajun Diaspora. At a certain point during the Regan administration, I had to leave, so I served in the Peace Corps, Philippines, from 1987-89. I didn't want to return to the United States just yet, so I moved to Paris, France, where I lived for three years or so. I then moved back to Austin, Texas, where I had received my Masters Degree, and (eventually) began a Ph.D., which I completed in 1999. I spent a year at Temple University and then accepted a position at Eastern Illinois University where I worked until May of 2006. I now work exclusively on line (although that may change) for Johns Hopkins, the Art Institute Online, and I can be reached most easily via email: raywatkins [that 'at' symbol]

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Post Navigation