WEST LAFAYETTE, Ind. (WLFI) – The at-risk pay for Purdue University President Mitch Daniels for the 2013-2014 year won’t be announced until next month.
It was up for a vote at this week’s Board of Trustees meeting, but the trustees are holding off until they receive more data.
Daniels has a base salary of $420,000. He wanted to put $126,000 dollars of his pay at risk, so the maximum he can earn is $546,000.
There were five goals laid out by the trustees for the at-risk pay, including student affordability, graduation rates and fundraising. Each goal is weighted, with fundraising having the most weight at 30 percent of his incentive pay.
Trustee Michael Berghoff said there are then 12 subcategories. They are waiting on data for two of those, including numbers dealing with financial aid.
“Once those are received, the committee’s going to get together and review which of the 12 he gets paid on,” said Berghoff. “It’s not likely he’s going to be paid on all 12, and it’s not likely he not going to be paid on any.”
Berghoff said they hope to have the data by the end of the month. The Compensation Committee will go before the Executive Committee sometime in October. He said the Executive Committee can then approve the at-risk pay.