Quote:
Originally Posted by MolsonExport
...This takes nothing away from my indignation of Pres. Chakma double-dipping. Twice. And now it appears that Brescia's outgoing Principal did the same thing.
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Agreed. The double dipping thing is in my mind the real egregious thing here. The entire reasoning is something I find confusing: if this position is so important as to pay $500K/year, how can an individual in the position take 1 year in 5 off? The position and individual are so critical to the well-being of the organization, except for the 20% of the time that they are permitted to be not around? And then, oops, it is too critical to be gone for that much time, so he gets paid double. Pretzel logic.
The issue of the "regular" salary is a different one and much murkier. There are many shades of grey on the topic of remuneration. As for Chakma himself, I have no opinion on his regular salary, as I don't know his job description and roles/responsibilities nearly well enough to pass judgement.
That said, obviously this guy is rightly or wrongly viewed by folks in a decision making capacity as a much-sought after man. I suspect that the salary is likely what the market will bear, especially if one compares to analogous positions in the public and private sector globally. If one goes a step further and looks outside of his specific profession at the broader market economy, if an entertainer such as a pro athlete or an actor can earn $20M/year, why can't the head of a large learning & research institution earn 1/40th of that? Ironically, Chakma's detractors on the right of the political spectrum are typically the first to trumpet ideas such as "market forces" to set prices and wages and find government interference in such things to be awful - except, it seems, when it comes to the public sector.
Market forces do not however place a limit on how much is "too much", and as a result has been a great contributor to the erosion of the middle class and the rise of the super-rich since the economic deregulation of the 80's. Is it right that anyone should earn more than, say $300K/year? How much is enough? When is it in the greater public interest to restrict some position's wages (such as a brain surgeon) and allow others to soar unrestricted (such as Donald Trump)? Who gets to decide such things will result in very different answers. In Chakma's case, his regular salary is very similar to that of the President of The United States. Where's the equivalency in job descriptions there? Yet, certain groups of people have decided that is what both of those positions should be paid.