Slide 4 compares total presidential compensation for 2008-09 at KCTCS, University of
Louisville, and University of Kentucky. This slide showed UK figures again to rank under those
ofthe other institutions.
Slide 5 showed presidential compensation at UK relative to compensation received by the
presidents of the Top 20 public research universities as defined in President Todd’s Top 20
Business Plan. The range is large, but the University of Kentucky as a percentage of the Top 20
average is 64.5 percent. Comparisons continued in Slide 6, where UK’s total presidential
compensation was shown to be 78.8 percent ofthe average Southeastem Conference (SEC)
president’s compensation. Dr. Brockman made the point that under all comparisons, UK’s
president’s compensation package ranks among the lower amounts.
In Slide 7, it showed that the bonus offered to UK’s president is disproportionally
skewed. Average bonuses of benchmarks run in the $10,000 - $50,000 range while ours is
$200,000. Dr. Brockman will rely on other board members to explain why.
Dr. Brockman explained Slides 8 and 9: "The average faculty salary at the Top 20
institutions per our business plan is $98,451. The average faculty salary at schools in the
Southeastem Conference excluding Vanderbilt [because it is a private institution] is $78,502.
The average faculty salary at the University of Kentucky is $81,189. Thus, UK faculty
compensation as a percentage ofthe Top 20 benchmark institution faculty compensation average
is 82.5 percent. UK faculty salaries average 103.4 percent of SEC faculty compensation. The
UK president’s salary base plus retirement is $399,612. Our president receives 64.5 percent of
what the benchmark Top 20 business plan presidents are making, while our faculty receive 82.5
percent of Top 20 levels. By the same token, the UK president’s $399,612 compensation
package is 78 percent of SEC presidents’ compensation on average, while our faculty’s average
salary of $81,189 runs 103 percent ofthe average salary for SEC faculty.
"The recommendation ofthe Executive Committee on Thursday last week [September 9]
was that UK’s president’s base salary should be at least the same percentage of the Top 20
presidents’ base average as the average salary of a UK faculty member as it compares to the
average faculty salary at a Top 20 institution. The UK faculty receive salaries that average 82.5
percent ofthe average salary received by faculty in Top 20 institutions. If we pay our president
at the same 82.5 percent of the average received by a Top 20 president (instead of the
approximately 64 percent that he receives now), then he should receive $511,056 ($619,461
[shown on Slide 5] times 82.5 percent equals $511,056).” Dr. Brockman stated that this amount
is what the Executive Committee recommended. In addition, the Executive Committee
discussed and recommended that the president’s annual bonus should be reduced to a maximum
of $50,000 based on their established goals to measure his perfonnance.
Mr. Miles then asked Ms. May to explain the evaluation system and the results of this
year’s evaluations ofthe president’s perfonnance.
Ms. May distributed tabulation sheets and explained that the bonus awarded would be
based on the results of the evaluations, a procedural action that has been in place since 2005.
Goals for the president change each year according to the needs of the university. All board