WEST LAFAYETTE, Ind. (AP) — Outgoing Gov. Mitch Daniels’ salary in his new
job as president of Purdue University will rank no better than 10th among
Big Ten peers, the school said Saturday.
The Purdue Board
of Trustees on Saturday approved a contract that pays Daniels a base annual
salary of $420,000 plus incentives that could increase his pay as high as
$546,000, the school said.
April 2012 data
shows Daniels’ potential salary would rank 10th among the 12 Big Ten
university presidents, Purdue said.
previous Purdue President France Cordova, including deferred compensation,
incentive areas are: student affordability, graduation and student
achievement, philanthropic support, faculty excellence and recognition, and
strategic program development with demonstrated student outcomes in
knowledge and understanding, Purdue said. The goals and metrics for Daniels’
first year will be set in June.
weights will be revised each year and mutually agreed upon by Daniels and
the board, Purdue said.
Daniels did not
attend the trustees meeting — he was giving the winter commencement address
at archrival Indiana University — but said in a statement released by the
university that Purdue “is committed to ever-higher standards of teaching
and valuable research, provided at a cost accessible to all qualified
institution we must embrace these goals and accountability for results in
approaching them,” Daniels said. “This contract is designed to underscore
the university’s commitments by aligning my priorities as its employee with
the objectives of student success, student affordability, and institutional
excellence and reputation.”
covers five years and five months, and his start date will be Jan. 15, one
day after his second term as governor ends.