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Michael Adams to Receive Million$ in Payout

The Board of Regents will vote this week on the final agreement.

his job as President of the University of Georgia next June. A shower of money will follow him for the next five years: he will get a $2.7 million in a retirement package, including a $600,000 lump sum.

Among all university employees, in June 2011. Other UGA employees havent't had a raise in three years. The money came from the UGA Athletic Association.

According to a story in the Atlanta Journal Constitution, it isn't clear whether the $600,000 will come from the UGA Foundation, which is private money, or from the taxpayers of Georgia.

According to the university system, the story says, the president has a total compensation package of $660,318, and a base salary of $258,670.

In addition to gobs of money, Adams will also join the faculty as President Emeritus and Regents Professor. The AJC says, like other retired presidents, he will also get a parking place, an office and a part-time secretary.

JC May 06, 2012 at 02:03 PM
who says higher education does not pay?
John May 06, 2012 at 03:53 PM
Asking everyone else to sacrifice while he receives a raise is no way to lead-- I don't care who paid for it. 600K is 200K more than the US president is paid. What a waste.
Rebecca McCarthy May 06, 2012 at 04:48 PM
John, it is a pile of money.
John May 06, 2012 at 05:16 PM
Typical goverment wasting the public's money. How can anybody complain about corporate CEO's knocking down unearned money. I guess that the increase in student tuition will help pay for this.
Joe Dennis May 07, 2012 at 07:29 PM
I recognize this is not President Adams' fault. He's being given the money as recognition. However, in light of four years of no employee raises, if I were in Adams' shoes I would politely decline the raise and ask for it to be put into a pool to be spread out among UGA employees. Or donate it towards the construction of a new building. Or put it into a scholarship fund. Let's wait and see ...

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