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U Of M Regents Scrutinize Administrative Pay

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(credit: CBS)

(credit: CBS)

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ST. PAUL, Minn. (AP/WCCO) – As tuition and student debt are on the rise, so is the scrutiny regarding executive pay at the University of Minnesota.

The St. Paul Pioneer Press reports that a special three-member committee will meet to discuss current practices in administrative pay, led by chairman Richard Beeson.

A previous regents committee, held in 2006, pushed for former president Robert Bruininks to create guidelines for administrative pay in addition to keeping the committee informed.

Beeson stated that these suggestions were largely ignored. Regents were further surprised to find that top administrators who returned to teaching kept their executive pay, instead of reverting to lower wages.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved.This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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