WEST LAFAYETTE, Ind. (AP/WLFI) — Purdue University has decided its president, former Indiana governor Mitch Daniels, has earned more than $200,000 in incentive pay.
The school’s board of trustees on Friday voted to give Daniels 96 percent of a pool of $210,000 in incentive pay available, meaning he’ll get $201,600. Trustees lauded Daniels for increased graduation rates, large enrollment totals and record-setting fundraising. The money is for the fiscal year that ended June 30.
Daniels is guaranteed $420,000 for his base salary. Daniels received 90 percent of the $126,000 of possible at-risk pay in the 2014-2015 academic year. He was graded on student affordability, student success, fundraising and Purdue’s reputation.
“I’m ultimately responsible for how all that operates,” Daniels said. “But the fact that this year’s report card got a little better is really a tribute to the work of others.”
His at-risk pay was a 6 percent improvement over last year.
One year ago, trustees increased Daniels at-risk pay from 30 percent to 50 percent of his base pay. At the same time, they extended his contract through June 30, 2020. If he stays through the full term of his contract, he will receive a $100,000 retention incentive.