Michael Adams to Receive Million$ in Payout
The Board of Regents will vote this week on the final agreement.
Michael Adams will be leaving 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, Adams received a $50,000 raise 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. …
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Joe Dennis
3:29 pm on Monday, May 7, 2012
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 ... more ›