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Austin Daily Texan Newspaper Archives Jun 8 2015, Page 4

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Austin Daily Texan (Newspaper) - June 8, 2015, Austin, TexasThe daily texan is currently holding tryouts for its summer staff until june 15. We Are look ing for talented writers and artists to join our staff and help us create a Sharp opinion Page that reflects the diverse opinions on Campus. If you want to have your voice heard come to the texan. The daily texan has been in operation for 115 years. It has trained generations of journalists thinkers and problem solvers in Texas. The texan has 19 pulitzer prize winners among its alumni and More awards to its name than any other student newspaper in the country. Our columnists and reporters produce work that is often syndicated state or nationwide and every Issue of the daily texan is a historical Docu ment archived at the Center for american his tory. The opinions on this Page have great Poten tial to effect change on this Campus drive discussions in our Community and influence state and University policy. If interested please come to texan office at 25th and Whitis streets to Complete an application. If you have any additional questions feel free to Contact us at 512 471-5084. In the search for a new it president the Board of regents offered candidates a compensation package of $1 million base pay with a potential 12 percent Bonus. That offer was a substantial increase from former president Wil Liam Powers Peak salary of $625,000. Surprisingly Gregory fences uts new president negotiated his salary Down to $750,000 in base pay with Only a potential 10 percent Bonus. These salary figures Are striking. At a univer sity where the median salary of faculty members is $50,000, the regents salary offer to fences a Public employee is staggering. However the dramatic variation in salary for the tiny fraction of administrators and coaches making hundreds of thousands of dollars annually can be traced to their positions potential Revenue generation. For example it football coach Charlie Strong earns More than $3 Mil lion annually because his program also Gener ates More Money than any other in the nation. Fences likewise May generate lots of Revenue for the University if his history of fundraising Success continues during his presidency. As Dean of the Cockrell school of engineering he spearheaded the colleges fundraising Effort eventually raking in More Money than any other school at it. As Provost fences also played a Pivotal role in the development of the Dell medical school which will be another Long term Revenue Generator for the University. If fences can continue to exercise his proven fundraising skills he will More than pay for his own salary. Both the University yes bold offer and fences is negotiated acceptance sent distinct yet equally powerful messages. A $1 million base pay was meant to attract the most qualified candidates to Lead it. With the offer the Board of regents signalled its intent to remain competitive among top Public and private universities by meeting or exceeding peer presidential salaries. Although the boards offer was no doubt a calculated reflection of uts place in top tier Academia fences is decision to accept a Sal Ary substantially beneath the regents offer was made with it students in mind. According to fences a $1 million salary was too High for a Public official Given uts affordability and tuition concerns Over the last five years. And a $1 million salary could inhibit his ability to work with the Texas legislature on financial issues that will affect faculty and students. Fences obviously understands that appearances matter in a challenging political environment. Still the regents salary offer was not unconscionably Large. Uts endowment competes with Harvard is and Yalets. And it aspires to academic standards equal to those of Ivy league universities. Uts top level executive pay must remain competitive within reason to achieve those lofty standards. Thankfully fences helped the regents compete within reason. 4 legalese opinions expressed in the daily texan Are those of the editor the editorial Board or the writer of the article. They Are not necessarily those of the it administration the Board of regents or the Texas student Media Board of operating trustees. Submit a firing line email your firing lines to . Letters must be More than 100 and fewer than 300 words. The texan reserves the right to edit All submissions for Brevity clarity and liability. Recycle please Recycle this copy of the daily texan. Place the paper in one of the recycling bins on Campus or Back in the Burnt Orange newsstand where you found it. Editorial twitter follow the daily texan editorial Board on twitter texan editorial and receive updates on our latest editorials and columns. 4claire Smith editor in chief june 8, 2015 editorial fences salary sends political personal message in competitive Market Marshall Tidrick daily texan staff president Gregory fences addresses the Media in the Texas Union on wednesday morning. Both the University yes bold offer and fences is negotiated acceptance sent distinct yet equally powerful messages. Online our commentary does not Stop on the Page. For More of our thoughts on the issues of the Day Check out our blog a matter of opinion at

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