Only in America

Posted: 20 May 2016 in Uncategorized
Tags: , , , , ,

Jeff-Driskel2

Many CEOs and top-level managers manage to capture an enormous share of the surplus as payment in exchange for working. That we know.

We also know that, while faculty salaries have stagnated, the size and salaries of collegiate athletic coaching staffs have soared in recent years.

Then there are those, like former-Notre Dame football coach Charlie Weis, who get their cut of the surplus for literally not working—for doing nothing.

As has been the case for many years, former Notre Dame football coach Charlie Weis again received more money from the university in a recent year than any Notre Dame athletics employee.

Weis — who was fired by Notre Dame in November 2009 — received what has become his customary $2,054,744 during the 2014 calendar year, according to the university’s new federal tax return.

That means Weis received more from Notre Dame in 2014 than all but two university employees listed on the return, which the school provided Monday in response to a request from USA TODAY Sports.

Vice President and chief investment officer Scott Malpass was credited with nearly $5.4 million in total compensation in 2014, including just over $1 million that had been reported as deferred compensation in prior years; Malpass’ total also included nearly $2.9 million in bonus pay. Michael Donovan, the school’s managing director for private capital investments, was credited with more than $2.3 million, including just under $400,000 that had been reported as deferred pay in prior years and more than $1.1 million in bonus compensation. . .

According to the school’s tax records, Weis received more than $6.6 million pay and severance in 2009. He subsequently has been paid nearly $10.3 million by Notre Dame from 2010 through 2014. The tax records say that Weis was due to be paid through December 2015.

During that time, Weis also worked as an assistant for the Kansas City Chiefs and the  University of Florida. In December 2011, he became the head coach at Kansas, which was paying him $2.5 a season until firing him in late September 2014 with more than $5.6 million owed him under that contract.

 

Disclaimer: I am an employee of the University of Notre Dame but I have no say in determining the pay of anyone, working or not.

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