College presidents rake in the big bucks

Is the college game rigged against you? No, we’re not talking about fixing college football games. We’re talking about the problem of college costs and runaway student debt. With that in mind, this article about salaries and expenses for college presidents will probably get your blood boiling.

E. Gordon Gee makes millions as president of Ohio State University, but a Dayton Daily News investigation found the university spends almost as much for Gee to travel the globe, throw parties, wine and dine donors, woo prospective faculty, hang out with students and staff and maintain a 9,600-square-foot mansion on 1.3 acres.

Since returning to Columbus as the university’s president in October 2007, the 68-year-old Gee has pulled in $8.6 million in salary and compensation, making him the highest paid CEO of a public university in the country.

But his expenses — hidden among hard-to-get records that the university took nearly a year to release — tally nearly as much: $7.7 million.

Gee’s spending is kept out of the public eye because it can be tallied only by examining multiple reports, including the quarterly discretionary expense reports delivered to the trustees and not easily obtainable by others. The Daily News first requested records documenting Gee’s work day, housing, American Express statements, travel expenses, discretionary spending reports and other data in September 2011. The university did not fully respond to the request until August 2012.

Those records show Gee stays in luxury hotels, dines at country clubs and swank restaurants, throws lavish parties, flies on private jets and hands out thousands of gifts — all at public expense.

The Daily News investigation found the university spent more than $895,000 for gatherings at the Pizzuti House, the president’s mansion, between April 2008 and June 2011.

Yes, Gee raises a ton of money, bet when if ever will tuition-paying students see any of the benefits beyond new construction on campus? Things have to change.

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