She was initially hired to be full-time legal counsel for the university at a time when everything was previously being done on a retainer fee. At one time she was here on a permanent basis, but that has seemingly changed. As was pointed out, she is one of 3 or 4 C-level/VPs (including the recently departed COO/CFO) who didn't live or work in Peoria, or are working additional side hustles to their very lucrative Bradley incomes. If I was paying a VP $175K-$250K, I would expect that they live in Peoria, and not have second (and third) jobs that require their time between 8a-5p, Monday-Friday.
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Executive Leadership Change on the Hilltop
- Thread starter Old Coach
- Start date
She was initially hired to be full-time legal counsel for the university at a time when everything was previously being done on a retainer fee. At one time she was here on a permanent basis, but that has seemingly changed. As was pointed out, she is one of 3 or 4 C-level/VPs (including the recently departed COO/CFO) who didn't live or work in Peoria, or are working additional side hustles to their very lucrative Bradley incomes. If I was paying a VP $175K-$250K, I would expect that they live in Peoria, and not have second (and third) jobs that require their time between 8a-5p, Monday-Friday.
PhiAlphaBoy
New member
It's possible that her salary changed after the job requirements changed, especially if JMM is getting the $200k figure from Bradley's tax filing which is usually a year or two in arrears. Most top attorneys charge a pretty high hourly fee ($250-500/hr) so I'm guessing that was how her pay was determined.
Old Coach is correct. She moved her family here in 2018 but apparently sold the home in 2021 to take on another job in Wisconsin, while retaining her six figure salary from BU.
The recently fired COO/CFO was allowed to work from Ohio for some unknown reason. I am sure her salary was $300k+.
Meanwhile, according to Standifird on the 4/20/23 BU senate meeting...
"Enrollment – The numbers are trending quite low. 1,020 is an estimate for enrollment (but we will not know until May 1st). We historically have been within 1% of estimates in the past. He will also have better enrollment numbers at the May Senate meeting. We already know that next year is going to be a rough year with respect to the budget." https://www.bradley.edu/academic/cio/senate/assets/docs/20222023/Agenda_2023-05-03.pdf
Must be nice to have the BU board of trustees as your bosses. Work part time, do very-below-average work, get another job or two, and kick back with very little oversight.
bradleyfan124
Active member
Yes And if they start cutting expenses I know what salaries to cut first
PhiAlphaBoy
New member
This is just nuts JMM28. Bradley had better get their finances and act together fast... The clock is ticking.
Stryker
New member
Does BU have the right trustees in place? I don't know who they are, but it doesn't sound like they may be the best bet for running a profitable business.
bradleyfan124
Active member
I see a couple on there I would get rid of right now
There are a couple of new trustees with significant financial leadership experience who I've heard have expressed major concern.
bradleyfan124
Active member
That"s a start.
Tick, tick, tick, tick, tick...
PhiAlphaBoy
New member
As he should have. He was a huge disappointment and failure during his tenure.
Bradley8792
Member
As I understand, the number of available high school graduates will drop in the next 3-5 years. Mix in the number of grads that will pursue others opportunities like construction trades, military etc, and its going to be very competitive for all college and universities to keep enrollment up. I’m hoping the Board is recognizing this and making corrective changes before things become too bad and can’t be corrected. I wonder if we might see additional changes in leadership. The last 4-5 years has been rough for enrollment and fundraising. I don’t think they can afford to go backwards in either department.
ManMythLegend
Member
He was likely spending too much time trying to grow his real estate business instead of focusing on BU admissions. :roll:
yeah- big time- https://www.25newsnow.com/2023/07/31...7VYvgf6VGjb7Dg
Bring back Gary Roberts - this idiot group with a few holdover Glasser butt-kissers is running the University into the ground
btw- one member of the current Board of Trustees was significantly responsible for the decisions driving Methodist Medical Center,
a major, long-time, 120-year old Peoria institution & employer, into bankruptcy leading to fire sales to Iowa Health Corp, Unity Point then Carle...who the he** would take advice from such a loser?
PhiAlphaBoy
New member
Personally, I like Gary Roberts and am thankful for him stepping up to help Bradley in their time of need. However, I don't think Brother Gary is up for this job as he showed he is out of touch and and somewhat disinterested. He had the opportunity to get rid of Glasser holdovers too but stayed with the status quo. I like the fact that Standifird has a business background and has been acting proactively before things really get out of hand.
There are a lot of problems at every level, enrollment being most alarming. 2019 fall undergrad enrollment was 4,636. One year ago, the 2022 fall undergrad enrollment was 4,026. Prior to Covid hitting, the University was preparing to deal with an $8 million deficit coming out of the 2019-2020 school year. In 2021, a May press release acknowledged $5 million in deficit but project a surplus by 2023 through "extensive financial planning", yet here we are talking about a $13 million deficit.
bradleyfan124
Active member
I think all Colleges and Universities around the country are dealing with this problem. Expenses are going up and kids are not going to four year educational programs like in the past.
PhiAlphaBoy
New member
Wow, try multiplying that sudden 600 student shortfall by Bradley's annual tuition. That number is staggering...that number is a huge part of the problem. I'm also guessing that student retention numbers have taken a hit as well.