tmh8286 Posted December 5, 2007 Share Posted December 5, 2007 . . . in light of recent events at ORU. This is from the latest issue of World Magazine: The new robber barons Study shows university presidents are getting rich quickly | Timothy Lamer (Excerpted) With college tuition prices rising at a much faster rate than that of inflation for decades, it stands to reason that somebody is getting rich. A report last week in the Chronicle of Higher Education indicates that university presidents are among the first in line at the gravy train. The annual survey found that presidents of 12 private universities made more than $1 million for the 2005-06 academic year (the latest year for available data on private schools). Eighty-one private university presidents raked in more than $500,000, compared to 70 presidents who did so the previous year and three presidents 10 years earlier. The median compensation for private university presidents was about $528,000 . . . . . . Like the original robber barons, today's university presidents make their living by charging exorbitant fees to those who pass through their domains. Fueled by government subsidies for students, tuition prices at public universities have more than tripled after inflation over the past three decades and have not fallen during a single year at least since 1980 (see "No way down," Aug. 27, 2005) It's a record of price increases that would make oil executives blush but one that the captains of higher education get away with because the public mind has not associated their occupation with greed . . . . . ."If your aspiration is to be a college president, that is a way to become a millionaire," Patrick M. Callan, president of the National Center for Public Policy and Higher Education, told The New York Times. "That was inconceivable 20 years ago." Quote Link to comment Share on other sites More sharing options...
ORU Eli Posted December 5, 2007 Share Posted December 5, 2007 What was RR reported gross income...something like 600 or 700 a year? Perhaps that's a Board of Regents decision and it was out of RR's hands but I don't like the fact that our president was making considerable more than the already inflated national average (plus all the other "perks"), yet the campus is in the condition that it is today. Looking forward to a year from now when we have a pres who we are all confident in as a competent financial and spiritual leader. Quote Link to comment Share on other sites More sharing options...
vcboy2000 Posted December 5, 2007 Share Posted December 5, 2007 A quick look at ORU's 2005 (the most recent available) IRS Form 990 on Guidestar shows the following compensation: Richard Roberts: ORU Salary: $225,961 OREA Salary: $55,000 Traco Advertising Inc Salary: $135,000 TOTAL: $415,961 Expense Accounts= $77,804 Lindsay Roberts: To my surprise she is not listed as paid employee of the University. OREA Salary: $70,000 Traco Advertising Inc Salary: $135,000 TOTAL: $205,000 Expense Accounts= $425 Oral Roberts: ORU Salary: $72,502 OREA Salary: $83,505 TOTAL: $156,007 Expense Accounts= $6,078 Quote Link to comment Share on other sites More sharing options...
ORU Eli Posted December 6, 2007 Share Posted December 6, 2007 Ah...the 600 - 700 figure was the combined income not just RR's Quote Link to comment Share on other sites More sharing options...
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