Univer­sity re­gents change bonus pol­icy

Chan­cel­lor’s, pres­i­dents’ com­pen­sa­tion ad­justed

Baltimore Sun - - MARYLAND - By Rachael Pa­cella Bal­ti­more Sun re­porter Pamela Wood con­trib­uted to this ar­ti­cle. rpacella@balt­sun.com

The Univer­sity Sys­tem of Mary­land re­gents voted unan­i­mously Fri­day to change the way the sys­tem han­dles com­pen­sa­tion de­ci­sions for high-rank­ing school of­fi­cials.

At a re­gents meet­ing at Tow­son Univer­sity, mem­bers voted not to use bonus pay­ments to com­pen­sate the sys­tem chan­cel­lor or cam­pus pres­i­dents, ac­cord­ing to sys­tem spokesman Mike Lurie.

Any ex­ist­ing com­pen­sa­tion pack­ages that in­clude bonuses will be re­viewed and rene­go­ti­ated, Lurie said. When a com­pen- sa­tion de­ci­sion is made in closed ses­sion, the board will make a pub­lic an­nounce­ment af­ter the closed meet­ing, he said.

The changes were pro­posed af­ter crit­i­cism of a $75,000 bonus awarded to Chan­cel­lor Robert Caret, who took over lead­er­ship of the 12-cam­pus univer­sity sys­tem last sum­mer.

Caret was granted the bonus and a $30,000 raise dur­ing a closed meet­ing of the Board of Re­gents in June. The raise and bonus were added to his base salary of $600,000. His con­tract al­lowed for an an­nual bonus of up to 15 per­cent of his salary.

Last week, state law­mak­ers met with James Brady, the board’s chair­man, who said Caret’s con­tract would be re­vised to com­ply with the new pol­icy. Some law­mak­ers ques­tioned the bonus in light of ris­ing tu­ition for stu­dents. The sys­tem in­creased in-state tu­ition 2 per­cent this year.

Af­ter Fri­day’s meet­ing, Brady said there was a “feel­ing” among board mem­bers that the best course was to change the pol­icy.

“We­need to have a re­la­tion­ship with the Gen­eral Assem­bly and with the gov­er­nor’s of­fice that is very pos­i­tive, and we don’t want there to be some­thing that is im­mi­nently fix­able get­ting in the way of that,” Brady said. “So what are we do­ing? We’re fix­ing it.

“What mat­ters is the stu­dents and their suc­cess, and that’s what we’re go­ing to fo­cus on,” he said.

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