Thursday, December 18, 2014

Is she worth $7,000,000?

The president of RPI, Shirley Ann Jackson, was paid over $7,000,000 in 2012. Plus, she was housed in a large mansion, traveled first class and had a chauffeured luxury car to transport her around the campus. She must be fairly talented as she is on the board of IBM, Marathon Oil and a few other companies. So, financially she seems to be well set even though RPI is not a football power.

But under her, RPI's debt ran up to $828 million―over six times its level when she took office. Moody’s has downgraded RPI’s credit rating twice, and describes the financial outlook for RPI as “negative.” She seems to be against labor; she abolished the Faculty Senate and stymied attempts to unionize. For whatever reason, RPI's tuition is far above the average of New York's four year colleges: $45,100 versus $25,608.

What really intrigued me was a set of rules she has established:
1) Only she is authorized to set the temperature in conference rooms; 
2) Cabinet members all rise when she enters the room; 
3) If food is served at a meeting, vice presidents clear her plate; and 
4) She is always to be publicly introduced as “The Honorable Shirley Ann Jackson.”

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