The Associated Press
WEST LAFAYETTE, Ind. —
How much former Indiana governor Mitch Daniels earns in his new job as president of Purdue University will depend on factors like graduation rates, student debt and academic excellence.
Board of Trustees Chairman Tom Spurgeon says the keys to Daniels’ salary all depend on student success.
Trustees will calculate Daniels’ incentive pay next year.
Daniels’ could earn $546,000 from his contract with Purdue this year, including a $420,000 base salary. Thirty percent of that — $126,000 — is considered a performance incentive.
Trustees are waiting for final academic census numbers before they make final decisions on how much they want Daniels to improve on a particular issue.
Daniels tells the Journal & Courier (http://on.jconline.com/1afCLqd ) that he isn’t really at Purdue for the paycheck.