The university he ran may have had thousands of employees and a billion dollar budget. Equivalent to a CEO of a mid-cap private company. A 900K pension may make sense, equivalent to a $20 million lump sum. The theory is that he could have been CEO of a biotech company.
“””The university he ran may have had thousands of employees and a billion dollar budget. Equivalent to a CEO of a mid-cap private company. A 900K pension may make sense, equivalent to a $20 million lump sum. The theory is that he could have been CEO of a biotech company. ,”””
What experience or education does an eye surgeon have running a hospital as large as you suggest? That’s like saying the guy that programs the computer modules on the cars can run Ford?
The reality is that most could or would not. It is a scam on the public.
It’s true enough, we should look at all factors. He apparently didn’t get the dough for being an eye doctor. He got it for being the president of a very wealthy university.
Now, whether corporate America ought itself to be that way, is a question for policymakers. Apparently it can be.