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  • LSU to file for bankruptcy?

    Not related to ND but interesting nonetheless.

    LSU to file for bankruptcy?

    LSU President F. King Alexander announced Wednesday that staff is drawing up paperwork for financial exigency, a move that paves the way for Louisiana’s flagship university to begin the loathsome task of laying off tenured professors, shuttering academic programs and making other painful cost-cutting moves.

    According to nola.com, King made the announcement after it has become apparent this week that state lawmakers are having little luck in finding solutions to Louisiana’s $1.6 billion budget shortfall.

    As LSU journalism professor, blogger and Times-Picayune columnist Robert Mann writes on his blog, Something Like the Truth:
    LSU President F. King Alexander’s stunning announcement Wednesday that he’s drawing up official bankruptcy papers for the school is just one step short of naming the colleges and departments that he will close if the Legislature does not raise the funds to close the $1.6 billion budget shortfall for the coming fiscal year.

    Unless Gov. Bobby Jindal and legislators come up with a budget solution very soon, you can cancel just about every ongoing faculty search at LSU and watch as the exodus of faculty accelerates.

    Students, especially incoming freshmen who have offers from out-of-state colleges, will start bailing out, too, as it increasingly appears there could be no fall semester at the state’s flagship university.

    King’s stunning announcement comes as Moody’s Investors Service announced it has lowered LSU’s credit outlook from positive to stable.

  • #2
    Originally posted by dales5050 View Post
    Not related to ND but interesting nonetheless.

    LSU to file for bankruptcy?

    LSU President F. King Alexander announced Wednesday that staff is drawing up paperwork for financial exigency, a move that paves the way for Louisiana’s flagship university to begin the loathsome task of laying off tenured professors, shuttering academic programs and making other painful cost-cutting moves.

    According to nola.com, King made the announcement after it has become apparent this week that state lawmakers are having little luck in finding solutions to Louisiana’s $1.6 billion budget shortfall.

    As LSU journalism professor, blogger and Times-Picayune columnist Robert Mann writes on his blog, Something Like the Truth:
    LSU President F. King Alexander’s stunning announcement Wednesday that he’s drawing up official bankruptcy papers for the school is just one step short of naming the colleges and departments that he will close if the Legislature does not raise the funds to close the $1.6 billion budget shortfall for the coming fiscal year.

    Unless Gov. Bobby Jindal and legislators come up with a budget solution very soon, you can cancel just about every ongoing faculty search at LSU and watch as the exodus of faculty accelerates.

    Students, especially incoming freshmen who have offers from out-of-state colleges, will start bailing out, too, as it increasingly appears there could be no fall semester at the state’s flagship university.

    King’s stunning announcement comes as Moody’s Investors Service announced it has lowered LSU’s credit outlook from positive to stable.
    Quite stunning! I wonder if Les Miles still gets his guarantee?

    Seriously, is this trend powerful enough to clean up the cesspool college athletics has become?

    Comment


    • #3
      Serious question, does their athletic department run at a profit? And how many sports do you think will get cut unless they're endowed? Years ago Cal did something similar.

      Comment


      • #4
        From 2013 but just a few years ago they were still increasing their athletic budget.

        LSU’s athletic budget to rise — along with some ticket costs

        I wonder how long before the voices that be look to slash the money for the Football Program? Not that I agree with this idea. It appears that Football is one area where they actually make money but no doubt that Les Miles making $4.3M a year is not going to sit well with many.

        Comment


        • #5
          Wonder if they will cut their bag man budget?
          The legend lives on from the Chippewa on down
          Of the big lake they called Gitche Gumee

          Comment


          • #6
            Originally posted by IrishLax View Post
            Serious question, does their athletic department run at a profit? And how many sports do you think will get cut unless they're endowed? Years ago Cal did something similar.
            Therein lies the rub.

            The football program runs a profit for sure. Source

            Louisiana State University
            Total Revenue: $74,275,838
            Total Expenses: $25,822,306
            Net Revenue: $48,453,532


            But it looks like Title IX is responsible for having 3/4 of the athletic budget go to programs outside of football.

            How this plays out will be interesting for sure. If LSU is forced, in one way or another, to cut what they spend on Football it's highly probable that the revenue will drop. Not only does this cause a backwards cycle for the football program but for the athletics program in general.

            Comment


            • #7
              Originally posted by Irish YJ View Post
              Wonder if they will cut their bag man budget?

              A few million per year is a drop in the bucket.

              Comment


              • #8
                Originally posted by dales5050 View Post
                Therein lies the rub.

                The football program runs a profit for sure. Source

                Louisiana State University
                Total Revenue: $74,275,838
                Total Expenses: $25,822,306
                Net Revenue: $48,453,532


                But it looks like Title IX is responsible for having 3/4 of the athletic budget go to programs outside of football.

                How this plays out will be interesting for sure. If LSU is forced, in one way or another, to cut what they spend on Football it's highly probable that the revenue will drop. Not only does this cause a backwards cycle for the football program but for the athletics program in general.
                Similar stuff happened at Cal and Maryland recently. Cal, because of the financial crisis in California at the time. Maryland just with their budget being so out-of-whack that it wasn't sustainable. Cal basically said "we're cutting these teams unless $X is raised to endow them" and then went about getting donations. If people cared, then they donated, and the team was saved... if they didn't, bye-bye. But as I understand it the football budget was never touched.

                Maryland simply cut like a half dozen sports and then moved to the Big Ten for more $$. They also refused to pay what was owed to the ACC for leaving.

                Athletic departments are usually rightfully the first on the chopping block over academic programs. It's easy to slash a team and save millions, whereas slashing professors/programs can look really bad for an academic institution.

                Comment


                • #9
                  Bobby Jindal for president!!! LOL

                  Comment


                  • #10
                    Originally posted by GoIrish41 View Post
                    Bobby Jindal for president!!! LOL
                    Yeesh. Scary stuff.

                    Comment


                    • #11
                      Originally posted by GoIrish41 View Post
                      Bobby Jindal for president!!! LOL
                      Originally posted by IrishJayhawk View Post
                      Yeesh. Scary stuff.
                      Not a Jindal or political expert, and not of fan of Jindal, but hasn't the states credit rating improved while he's been at the helm?
                      The legend lives on from the Chippewa on down
                      Of the big lake they called Gitche Gumee

                      Comment


                      • #12
                        Originally posted by IrishLax View Post
                        Serious question, does their athletic department run at a profit? And how many sports do you think will get cut unless they're endowed? Years ago Cal did something similar.
                        Not sure if LSU is like Tennessee, but Tennessee's athletic finances are wholly seperate and distinct from the university proper.

                        Funnier than you in 2012.

                        Comment


                        • #13
                          Originally posted by IrishLax View Post
                          Similar stuff happened at Cal and Maryland recently. Cal, because of the financial crisis in California at the time. Maryland just with their budget being so out-of-whack that it wasn't sustainable. Cal basically said "we're cutting these teams unless $X is raised to endow them" and then went about getting donations. If people cared, then they donated, and the team was saved... if they didn't, bye-bye. But as I understand it the football budget was never touched.

                          Maryland simply cut like a half dozen sports and then moved to the Big Ten for more $$. They also refused to pay what was owed to the ACC for leaving.

                          Athletic departments are usually rightfully the first on the chopping block over academic programs. It's easy to slash a team and save millions, whereas slashing professors/programs can look really bad for an academic institution.
                          Thanks for the information. I did some additional reading and found that Cal was not allowed to cut Football, Basketball or Volleyball. If they did, they would have been dropped from the Pac10. I wonder if the SEC has similar terms and, if so, which sports.

                          Also interesting to read that it's not just as simple as donating to save X team. The donations would have had to cover most, if not all, of the teams, because of Title IX considerations.

                          Comment


                          • #14
                            This has nothing to do with football. It's a simple political power play to get a do-nothing State Legislature to move their asse{t}s on creating a budget. Government institutions [a la LSU] cannot function until they do. Thus the bankruptcy ploy.

                            Comment


                            • #15
                              Big Teacher/Education pensions are crushing the university. Teachers get their annual income after they retire. Sooner or later you have to find the money to keep paying people NOT to work for you. It's unsustainable
                              Last edited by Rizzophil; 04-23-2015, 09:37 AM.

                              Comment


                              • #16
                                Originally posted by Rizzophil View Post
                                Big Teacher pensions are crushing the university. Teachers get their annual income after they retire. Sooner or later you have to find the money to keep paying people NOT to work for you. It's unsustainable
                                You're right, that's a great cover for an artificial crisis to enact a "starve the beast" budget. Not to mention in a state that ranks 49th out of 50 states in education.
                                "Yes, they deserved to die and I hope they burn in hell!"
                                --Samuel L

                                Comment


                                • #17
                                  Originally posted by Rizzophil View Post
                                  Big Teacher pensions are crushing the university. Teachers get their annual income after they retire. Sooner or later you have to find the money to keep paying people NOT to work for you. It's unsustainable
                                  Go figure. When fringe benefit costs go from 22% to 39% in a 5 year span...it must be something else...like that bad Gov. that is causing the issues at LSU. :/

                                  Comment


                                  • #18
                                    Ok, here is a more reputable source.
                                    LSU could lose 300 faculty positions under proposed state funding cuts, says King Alexander | NOLA.com

                                    The state is facing a projected $1.6 billion budget shortfall next year, and higher education institutions have been told to prepare for $300 million to $400 million in reduced funding in the coming academic year.
                                    Last edited by pkt77242; 04-23-2015, 09:37 AM.

                                    Comment


                                    • #19
                                      Not enough information to determine if LSU has internal issues it is refusing to deal with.

                                      They seem to be fairly effective with what they spend per student. I don't think that should ever be lost in the discussion. It seems the core function is being performed fairly well. What else is going on...???
                                      One equal temper of heroic hearts, Made weak by time and fate, but strong in will. To strive, to seek, to find, and not to yield.

                                      Comment


                                      • #20
                                        I have no information as to how the Louisiana system works, but in Michigan I get paid NOTHING by the university since retiring. Everything has been taken care of by required payments to TIAA-CREF during my employment. The only added benefit that I still get from WMU is the opportunity to still participate in their health care plan --- which I pay fees for.

                                        So, the flavor of the above comments about us terrible rip-off teachers is out-of-line for my experience in Michigan's system. I earned my salary and my retirement.

                                        Comment


                                        • #21
                                          Originally posted by phgreek View Post
                                          Not enough information to determine if LSU has internal issues it is refusing to deal with.

                                          They seem to be fairly effective with what they spend per student. I don't think that should ever be lost in the discussion. It seems the core function is being performed fairly well. What else is going on...???
                                          The state of Louisiana is looking to cut an extreme amount of money in higher education funding.

                                          Comment


                                          • #22
                                            Originally posted by pkt77242 View Post
                                            The state of Louisiana is looking to cut an extreme amount of money in higher education funding.
                                            PAR says Louisiana’s budget crisis ‘even worse than many thought’ - Baton Rouge Business Report

                                            The summaries attached to this article explain what is going on.

                                            Comment


                                            • #23
                                              Originally posted by dales5050 View Post
                                              Thanks for the information. I did some additional reading and found that Cal was not allowed to cut Football, Basketball or Volleyball. If they did, they would have been dropped from the Pac10. I wonder if the SEC has similar terms and, if so, which sports.

                                              Also interesting to read that it's not just as simple as donating to save X team. The donations would have had to cover most, if not all, of the teams, because of Title IX considerations.
                                              Yes, this was the trickiest part. They found it easy to raise money for some men's teams, but for every men's team they wanted to save they needed to also save a women's team. Because of the way equivalency sports work, for every women's team cut they had to cut a men's team... it was an utter mess.

                                              BTW, Title IX is just the absolute worst. It's not just unnecessary, it's downright unfair and unjust.

                                              Comment


                                              • #24
                                                Originally posted by Ndaccountant View Post
                                                Louisiana has a massive budget crisis but doesn't that go back to the idea that reducing taxes rarely increases state revenue (though some conservatives like to argue differently) and is the main reason (though not only reason) they are in this predicament? At what point do we kill off the idea that cutting taxes is the answer?

                                                Comment


                                                • #25
                                                  Originally posted by pkt77242 View Post
                                                  Louisiana has a massive budget crisis but doesn't that go back to the idea that reducing taxes rarely increases state revenue (though some conservatives like to argue differently) and is the main reason (though not only reason) they are in this predicament? At what point do we kill off the idea that cutting taxes is the answer?
                                                  Sometime after the state's already abysmal education system fails an entire generation of students.
                                                  "Yes, they deserved to die and I hope they burn in hell!"
                                                  --Samuel L

                                                  Comment


                                                  • #26
                                                    Originally posted by pkt77242 View Post
                                                    The state of Louisiana is looking to cut an extreme amount of money in higher education funding.
                                                    THANKS...I kinda got that.

                                                    Clearly someone believes there is waste somewhere in the system...some allusions were made to retirement...but as mentioned above, retirement payments are usually a function of ACTIVE current performers and executed on an individual basis...not a pool made from current workers for current retirees...ie, this isn't Social security. ...so how'd retirement get out of whack? What made it all work BEFORE...but not NOW?

                                                    Let me help...its all BJ's fault, he is a scum bag. K...got it. any other insights?
                                                    One equal temper of heroic hearts, Made weak by time and fate, but strong in will. To strive, to seek, to find, and not to yield.

                                                    Comment


                                                    • #27
                                                      Originally posted by GoldenToTheGrave View Post
                                                      You're right, that's a great cover for an artificial crisis to enact a "starve the beast" budget. Not to mention in a state that ranks 49th out of 50 states in education.
                                                      A larger education budget cannot turn Louisianans into Iowans.

                                                      Comment


                                                      • #28
                                                        Originally posted by phgreek View Post
                                                        THANKS...I kinda got that.

                                                        Clearly someone believes there is waste somewhere in the system...some allusions were made to retirement...but as mentioned above, retirement payments are usually a function of ACTIVE current performers and executed on an individual basis...not a pool made from current workers for current retirees...ie, this isn't Social security. ...so how'd retirement get out of whack? What made it all work BEFORE...but not NOW?

                                                        Let me help...its all BJ's fault, he is a scum bag. K...got it. any other insights?
                                                        Not sure what you are driving at. Louisiana lowered taxes which have led to budget short falls which is leading to them having to cut funding to higher education (and it will be a very large amount). It is pretty much that simple.

                                                        Comment


                                                        • #29
                                                          They are also proposing that a students tuition be based on the cost of their particular college. So for example a philosophy majors tuition might be considerably less than say an architecture or medical students.
                                                          Maybe it's far too soon to tell.

                                                          Comment


                                                          • #30
                                                            Originally posted by IrishLax View Post
                                                            Yes, this was the trickiest part. They found it easy to raise money for some men's teams, but for every men's team they wanted to save they needed to also save a women's team. Because of the way equivalency sports work, for every women's team cut they had to cut a men's team... it was an utter mess.

                                                            BTW, Title IX is just the absolute worst. It's not just unnecessary, it's downright unfair and unjust.
                                                            From a college wrestling fan, I couldn't agree with you more.

                                                            Comment


                                                            • #31
                                                              Let's cut to the chase. Is there any chance this bankruptcy nets ND Leonard Fornette?

                                                              Comment


                                                              • #32
                                                                Originally posted by pumpdog20 View Post
                                                                From a college wrestling fan, I couldn't agree with you more.
                                                                It's maybe not necessary right now (coming from an Iowa wrestling fan). But it did tons for women's opportunities in college sports. I don't know enough about the current situation to determine if it's unnecessary at this point.

                                                                Comment


                                                                • #33
                                                                  Originally posted by Me2SouthBend View Post
                                                                  Let's cut to the chase. Is there any chance this bankruptcy nets ND Leonard Fornette?
                                                                  Is there any chance they list the players as a entity they owe money too.
                                                                  #TeamKizer

                                                                  Comment


                                                                  • #34
                                                                    Corn dog budget substantially reduced...

                                                                    Comment


                                                                    • #35
                                                                      Originally posted by IrishJayhawk View Post
                                                                      It's maybe not necessary right now (coming from an Iowa wrestling fan). But it did tons for women's opportunities in college sports. I don't know enough about the current situation to determine if it's unnecessary at this point.
                                                                      When Title IX was enacted, it was a great law. It made an incredible impact in affording women opportunities for higher education.

                                                                      The problem is that recently the economics and nature of collegiate sports have drastically changed from what it was like in the 60s. The law is flat out counter-productive now towards the overall growth of collegiate sports, and the way the scholarship structure is set for equivalency sports is complete garbage and grossly unfair. It's the giant elephant in the room that no one wants to reform because any attempt to tweak the law will be so easily painted as "anti-women" by the politician's next opponent. It's possibly the only topic more untouchable than social security.

                                                                      Comment


                                                                      • #36
                                                                        OK, so folks trying to balance the budget...

                                                                        Originally posted by Rizzophil View Post
                                                                        Big Teacher/Education pensions are crushing the university. Teachers get their annual income after they retire. Sooner or later you have to find the money to keep paying people NOT to work for you. It's unsustainable
                                                                        Same legislators tried to double their own pay in 2008, so I wouldn't count on them trying to right size an evergreen income situation.

                                                                        Originally posted by pkt77242 View Post
                                                                        The state of Louisiana is looking to cut an extreme amount of money in higher education funding.
                                                                        Sounds like they are trying to cut a lot all over

                                                                        Originally posted by Old Man Mike View Post
                                                                        This has nothing to do with football. It's a simple political power play to get a do-nothing State Legislature to move their asse{t}s on creating a budget. Government institutions [a la LSU] cannot function until they do. Thus the bankruptcy ploy.
                                                                        As I understand it, one of the most corrupt states and government bodies.

                                                                        For the Liberals all over this....

                                                                        Standard and Poor's raised Louisiana's bond rating and credit outlook from stable to positive in 2009. In announcing this change, the organization gave credit to the state's strong management and "commitment to streamlining its government functions."[46] Jindal met with President Barack Obama in October 2009 where the governor pushed for increased federal dollars to cover rising Medicaid costs, speeding the construction of hurricane-protection barriers, and financing the proposed Louisiana State University teaching hospital. During a town hall meeting, Obama praised Jindal as a "hard working man who is doing a good job" for the State, and expressed support for the Governor's overhaul of the State's educational system in the area of increased charter schools.[47]
                                                                        The legend lives on from the Chippewa on down
                                                                        Of the big lake they called Gitche Gumee

                                                                        Comment


                                                                        • #37
                                                                          Salary database sheds light on faculty pay - lsureveille.com: LSU Salaries

                                                                          That's a lot of "assistant" professors with salaries over 100k...
                                                                          The legend lives on from the Chippewa on down
                                                                          Of the big lake they called Gitche Gumee

                                                                          Comment


                                                                          • #38
                                                                            Originally posted by Irish YJ View Post
                                                                            Salary database sheds light on faculty pay - lsureveille.com: LSU Salaries

                                                                            That's a lot of "assistant" professors with salaries over 100k...
                                                                            The job title is misleading. Assistant professors teach just like tenured professors (often moreso), it's just a lower title.

                                                                            Comment


                                                                            • #39
                                                                              Originally posted by Pops Freshenmeyer View Post
                                                                              The job title is misleading. Assistant professors teach just like tenured professors (often moreso), it's just a lower title.
                                                                              I'm sure, but I guess I'm a little jaded on the college setup in general. My cousin's husband is a professor. Teaches five two hour courses a week, has low office hours, and his GAs do most of the work. Makes over $150k. Smart guy, but lazy, egocentric SOB. Still cries like biatch when I school him in Jeopardy and other brain games.
                                                                              The legend lives on from the Chippewa on down
                                                                              Of the big lake they called Gitche Gumee

                                                                              Comment


                                                                              • #40
                                                                                Originally posted by johnnycando View Post
                                                                                Corn dog budget substantially reduced...
                                                                                They were just giving those things away!

                                                                                Comment


                                                                                • #41
                                                                                  Originally posted by Irish YJ View Post
                                                                                  I'm sure, but I guess I'm a little jaded on the college setup in general. My cousin's husband is a professor. Teaches five two hour courses a week, has low office hours, and his GAs do most of the work. Makes over $150k. Smart guy, but lazy, egocentric SOB. Still cries like biatch when I school him in Jeopardy and other brain games.
                                                                                  That's bs. But that's what this day and age has cone too. Do the least amount of work for the most amount of money.
                                                                                  Brotherhood may fade, but it will never run

                                                                                  Comment


                                                                                  • #42
                                                                                    Originally posted by Irish YJ View Post
                                                                                    OK, so folks trying to balance the budget...



                                                                                    Same legislators tried to double their own pay in 2008, so I wouldn't count on them trying to right size an evergreen income situation.



                                                                                    Sounds like they are trying to cut a lot all over

                                                                                    Big tax cuts come back to bite states: Our view


                                                                                    As I understand it, one of the most corrupt states and government bodies.

                                                                                    For the Liberals all over this....
                                                                                    http://mobile.nytimes.com/2015/02/07...html?referrer=

                                                                                    Even the likely next governor of Louisiana (David Vitter a current Republican Senator) thinks that they need to get rid of some of the tax breaks that have been instituted. The whole budget shortfall isn't Jindal's fault but how significant size of the shortfall is his problem.

                                                                                    Also what did you expect Obama to say about him, that he is a complete assclown? Of course he said positive things about him.

                                                                                    Big tax cuts come back to bite states: Our view
                                                                                    Last edited by pkt77242; 04-23-2015, 02:34 PM.

                                                                                    Comment


                                                                                    • #43
                                                                                      Originally posted by irishff1014 View Post
                                                                                      That's bs. But that's what this day and age has cone too. Do the least amount of work for the most amount of money.
                                                                                      And demand everyone else pay their fair share so you can sit on your ass from 50 til the day you die and collect a $100k per year pension.

                                                                                      Comment


                                                                                      • #44
                                                                                        That's crap they they get 107 million dollars a year from the state. I would be highly upset if I lived in LA.
                                                                                        Brotherhood may fade, but it will never run

                                                                                        Comment


                                                                                        • #45
                                                                                          You guys do realize a prof's main job is research, not teaching right? The amount they teach is pretty immaterial to the work they do,

                                                                                          Comment


                                                                                          • #46
                                                                                            Originally posted by GoIrish41 View Post
                                                                                            Bobby Jindal for president!!! LOL
                                                                                            Yeah...Like Jindal has anything to do with the massive pension expense or other out of control expenses. But he sure puts a target on his back for trying to clean it up. This is just a ploy in my opinion to bust up the state legislature into action. If they can make Jindal stink a little along the way...that's a bonus.

                                                                                            Comment


                                                                                            • #47
                                                                                              Originally posted by PerthDomer View Post
                                                                                              You guys do realize a prof's main job is research, not teaching right? The amount they teach is pretty immaterial to the work they do,
                                                                                              My cuz's husband spends way less than 40 hours a week on the average. If he's doing research, it's while he reads the WSJ on the crapper of a morning.

                                                                                              Originally posted by pkt77242 View Post
                                                                                              http://mobile.nytimes.com/2015/02/07...html?referrer=

                                                                                              Even the likely next governor of Louisiana (David Vitter a current Republican Senator) thinks that they need to get rid of some of the tax breaks that have been instituted. The whole budget shortfall isn't Jindal's fault but how significant size of the shortfall is his problem.

                                                                                              Also what did you expect Obama to say about him, that he is a complete assclown? Of course he said positive things about him.

                                                                                              Big tax cuts come back to bite states: Our view
                                                                                              So he is so terrible that the credit rating improved. I'd like to see special interest BS cut as much as cutting tax breaks.

                                                                                              Originally posted by irishff1014 View Post
                                                                                              That's bs. But that's what this day and age has cone too. Do the least amount of work for the most amount of money.
                                                                                              I make a nice salary, but I work 60 hours a week on average and have spent 20 years getting here. I agree there are a lot of places like that, but not all. I do think the educational system if ripe with overspending and politics, including coaches. Don't get me wrong, I loved a lot of profs in college, but over half of them couldn't make it in the real world.
                                                                                              The legend lives on from the Chippewa on down
                                                                                              Of the big lake they called Gitche Gumee

                                                                                              Comment


                                                                                              • #48
                                                                                                Originally posted by Irish YJ View Post
                                                                                                Salary database sheds light on faculty pay - lsureveille.com: LSU Salaries

                                                                                                That's a lot of "assistant" professors with salaries over 100k...
                                                                                                First, I counted eight Assistant Professors over 100k. Most were in accounting or management. Most of the rest over 100K are tenured professors who were productive enough after tenure to be promoted again to full professor.

                                                                                                Second, as someone else said, most professors are paid, at least in part, for research output. LSU is a Research I institution. That means they are responsible for putting out new research to further knowledge in their field. A typical split is 40/40/20. Forty percent of the job is teaching (often two classes per semester), 40% is research, and 20% is service to the institution and the field. That is a reason that the teaching load often looks small compared to a liberal arts institution, where you might see a teaching load of 4-6 courses per semester. It's also a "publish or perish" atmosphere. If you're not doing good research that is published in peer reviewed journals, you're out. You'll never get promotion or tenure.

                                                                                                This is a continuation of what many states are doing to K-12 teachers. We're cutting taxes for the wealthy, very predictably coming up with huge deficits, and then casting teachers as the root of all evil. It's sad.
                                                                                                Last edited by IrishJayhawk; 04-23-2015, 03:11 PM.

                                                                                                Comment


                                                                                                • #49
                                                                                                  Originally posted by Irish YJ View Post
                                                                                                  I make a nice salary, but I work 60 hours a week on average and have spent 20 years getting here. I agree there are a lot of places like that, but not all. I do think the educational system if ripe with overspending and politics, including coaches. Don't get me wrong, I loved a lot of profs in college, but over half of them couldn't make it in the real world.
                                                                                                  A lot of professors have spent years and years getting there as well. And most that I know work more than your cousin's husband. At minimum, professors have spent 9 years getting an education. It's likely more than that. It's typically another 7 before possibly getting tenure, which is no guarantee.

                                                                                                  Comment


                                                                                                  • #50
                                                                                                    Originally posted by IrishJayhawk View Post
                                                                                                    First, I counted eight Assistant Professors over 100k. Most were in accounting or management. Most of the rest over 100K are tenured professors who were productive enough after tenure to be promoted again to full professor.

                                                                                                    Second, as someone else said, most professors are paid, at least in part, for research output. LSU is a Research I institution. That means they are responsible for putting out new research to further knowledge in their field. A typical split is 40/40/20. Forty percent of the job is teaching (often two classes per semester), 40% is research, and 20% is service to the institution and the field. That is a reason that the teaching load often looks small compared to a liberal arts institution, where you might see a teaching load of 4-6 courses per semester. It's also a "publish or perish" atmosphere. If you're not doing good research that is published in peer reviewed journals, you're out. You'll never get promotion or tenure.

                                                                                                    This is a continuation of what many states are doing to K-12 teachers. We're cutting taxes for the wealthy, very predictably coming up with huge deficits, and then casting teachers as the root of all evil. It's sad.
                                                                                                    I guess tax payers are sick of funding early retirement for public employees.

                                                                                                    Comment

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