Margaret Spellings’ Nest Egg
Not many Republicans make it into academia but one who did, Margaret Spellings, who captained the Department of Education during the Bush Administration, has come to find it rewarding. “The University of North Carolina’s Board of Governors should take a serious look at how it awards bonuses and pay raises for university administrators, Bob Rucho, a former state senator and current board member, told Carolina Journal,” Kari Travis reports. “On Friday, March 23, the board approved a $95,000 bonus for UNC President Margaret Spellings, roughly 12 percent of her $775,000 annual salary.”
“The money will be released in split amounts, with $50,000 paid directly to Spellings, and the remaining $45,000 deposited into her retirement account.”
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Malcolm A. Kline
Malcolm A. Kline is the Executive Director of Accuracy in Academia.
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