An article was just put in the D&C today about how much Al Simone (RIT’s Outgoing President) made last year; turns out it was $1.2 Million!! I expected that he made a lot, but holy cow! You can read the article here.
So that’s where all my tuition went…
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A salary is always based on the amount of revenue that particular individual brings in. With Simone, you have to realize that while he was here what he did for the university added a lot of revenue. It’s just like a CEO, we all get upset about the fact the CEO makes 650x the average salary of their workers, but really from the business’s standpoint, that CEO adds at least that much revenue.
A salary is always based on the amount of revenue that particular individual brings in. With Simone, you have to realize that while he was here what he did for the university added a lot of revenue. It’s just like a CEO, we all get upset about the fact the CEO makes 650x the average salary of their workers, but really from the business’s standpoint, that CEO adds at least that much revenue.
This is true; and I can’t really complain because Al increased the value of an RIT degree a lot, but I guess I just think that the head of a non-profit organization shouldn’t make as much as their counterpart in a for-profit organization. I thought the $623k that he made in the past was more than reasonable; I just hope that the $1.2mil was a one time “Happy Retirement” increase, and will not carry on to the new President. Of course, if he can make RIT stand along with MIT, CalTech, et al.- then pay him as much as he wants
This is true; and I can’t really complain because Al increased the value of an RIT degree a lot, but I guess I just think that the head of a non-profit organization shouldn’t make as much as their counterpart in a for-profit organization. I thought the $623k that he made in the past was more than reasonable; I just hope that the $1.2mil was a one time “Happy Retirement” increase, and will not carry on to the new President. Of course, if he can make RIT stand along with MIT, CalTech, et al.- then pay him as much as he wants