Higher education salaries have been out of control for about a decade, at least
Same with Health Care. Professional carpetbaggers rule the roost. Hire 3 young up and comers or a retread like Austin for the same salary?
It’s why the economy is so screwed up. We are paying prison guards the equivalent of 3 minimum wage jobs to retire at age 44. We live in the State where Ent Moot reigns, administrators run their offices remotely from Florida, and failure is answered with a bucket of money.
State employees falsify their food stamp applications and are rewarded with court ordered restitution from the taxpayers for inconveniencing them with an audit and criminal charges.
Often enough, a new political leader does buy off old positions with tax payer monies (of course) so they can install their own which is called political playoffs. I was once an insider somewhere and I couldn’t believe these kind of shenanigans.
Politicians have no sense of fiscal frugalism on either side of the political spectrum.
Intolerable. I say bring on the battle axes and ax away.
Until you get an exorcist in there, nothing will change.
This is true in any number of government boards and “systems.” No exorcist in sight. As a practical matter, we’re going to be told how important State involvement in “higher” education is critical (not withstanding what a bang-up job it has done with lower) until they run out of other people’s money. But, if our experience with federal housing subsidization is an indicator, not even bankruptcy will work.
The government says it will cap pay for Fannie Mae and Freddie Mac chief executives at $500,000 per year and eliminate annual bonuses for all employees. The changes come after Congress pressured the government to stop big payouts at the bailed-out mortgage giants.
Read more: http://www.foxnews.com/us/2012/03/09/fannie-freddie-executive-pay-limited-bonuses-cut/#ixzz29N5bvhcH