Ohio State University president Gordon Gee gives back his $297,000 bonus to help school's scholarship fund
The Columbus Dispatch
December 2, 2010
Ohio State University President E. Gordon Gee immediately handed back a nearly $300,000 bonus that he was awarded yesterday, saying the money should go to a scholarship fund for students and some other university programs that he thinks are important.
After Gee's annual performance evaluation, trustees voted unanimously to give him a $16,042 pay hike and the bonus.
Asked why he decided for a third straight year to donate a portion of his compensation to help students pay for school, Gee said: "I can afford to do it because of the generosity the board has afforded me."
He added that he wouldn't feel right asking lawmakers and corporate donors for "substantial amounts of money without being first in line to give" to students.
Gee's raise will bump his base salary to $818,167. The increase, equal to 2 percent of his current base salary of $802,125, mirrors the aggregate percentage given to Ohio State's faculty and staff. Gee is keeping the salary bump this year.
The $296,786 bonus will be paid out of private donations through a fund created for that purpose.