Details of Purdue president Mitch Daniels' contract revealed
Last Updated: 72 days ago
WEST LAFAYETTE, Ind. (AP) - Purdue University's trustees have revealed details of the goals Purdue President Mitch Daniels must meet in order to earn his full salary.
The information released during Friday's trustees meeting shows that about 30 percent of Daniels' $546,000 presidential salary, or about $126,000, would be at risk if he doesn't meet five annual goals aimed at improving student success.
The Journal & Courier reports that fundraising efforts will be given the most weight in determining Daniels' incentive pay, accounting for 30 percent of the performance pay structure. Improving on graduation rates and student affordability each will account for 25 percent.
Measuring Purdue's academic excellence and student academic knowledge each will be worth 10 percent.
School committees are working on metrics to go along with each of those performance goals.
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