at-risk pay

Jae Lee / WBAA News

When he was done with his two terms as governor, Mitch Daniels received a number of job offers – some more lucrative than being Purdue’s president.

When he got into his current job, he asked for some of his pay to be “at risk” – that is, for him only to get it if he meets certain benchmarks.

On this edition of WBAA’s Monthly Conversation with Mitch Daniels, though, we drill down on that number.

It had previously been reported that 50-percent of his pay is “at risk." As we learn on this month’s show, it’s actually far less than that which he stands to lose.

Erica Gibson / WBAA News

Purdue President Mitch Daniels will make almost 99 percent of the possible pay he could have been granted for the 2016 fiscal year, even though as much as $210,000 of it was said to have been “at-risk.”

The Trustees gave Daniels almost $202,000 of that $210,000. That’s on top of his $420,000 base salary and a $100,000 bonus for staying in the job through June 30th of this year.

All told, that means Daniels will earn almost $722,000 of a possible $730,000.

Mark Simons/Purdue University

Purdue University President Mitch Daniels is set to receive more than $113,000 from the school, based on the previous year’s performance at his job.

The full Purdue Board of Trustees is expected to approve a motion Friday morning granting Daniels 90-percent of his at-risk pay for the previous year, but it took some interesting math to reach that number.

The pay is broken down into four areas in which Daniels is judged: student affordability, student success, fundraising and the school’s reputation.