Purdue incentive compensation undecided for Daniels

Purdue University trustees aren't yet ready to decide how much incentive pay President Mitch Daniels will receive.

The former Indiana governor's five-year contract with Purdue gives him a $420,000 annual base salary. He can also receive 30 percent more, or $126,000, based on factors such as graduation rates, student affordability and fundraising.

Purdue's board of trustees had planned to vote Friday on Daniels' incentive pay, but compensation committee chairman Michael Berghoff said data was still needed in some measurement categories, The Journal & Courier of Lafayette reported.

Berghoff told WLFI-TV it's unlikely Daniels will be paid for meeting all the categories. He said the trustees will likely decide on Daniels' incentive pay next month after all the information is available.

Daniels became Purdue's president after his tenure as governor ended in January 2013. His base pay ranked 10th among presidents of Big Ten Conference schools, according to April 2012 data.

Compensation for previous Purdue President France Cordova, including deferred compensation, was $555,000.

 

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