The outgoing president of the University of Vermont, Daniel Fogel, is apparently poised to enjoy quite a nice retirement. Fogel (right) will return to his original calling and in UVM’s teach English department. He will, however, be dramatically better compensated than the average English professor.
According to a piece by Gina Bullard at WCAX News:
The faculty union at the University of Vermont is criticizing the compensation package offered to outgoing president Dan Fogel.
Fogel is retiring from the presidency effective this week and will become an English professor at the school. Before returning to the classroom, Fogel will be given 17 months of administrative leave at a salary of $27,000 a month. His salary as a professor will be $195,000. The union says that’s $80,000 more than the highest paid person in the English department.
The governor of Vermont, Peter Shumlin, also objects. Shumlin complained that Vermont needs more affordable colleges and, according to the article, “Fogel’s package is not a way to do that.”
Then again, if Shumlin really wanted to fix the problem he could have done so.
Shumlin, as the governor, is a trustee at UVMand can thus determine how much the president gets in retirement. But Shumlin apparently didn’t bother to show up at any of the meetings where the trustees discussed and approved Fogel’s retirement package.