Monday, September 24, 2012
Golly gee: The multimillion dollar bow tie traveler
I must confess that when I read that E. Gordon Gee, the OSU president, could easily get by with the world's largest bow tie collection on his $8.6 million in salary and perks in addition to the $7.7 million that he's spent on travel in his five years at OSU, I realized that some folks have checkbooks that never have to be balanced.
The OSU guardians of the fortress immediately offered to the Dayton Daily News investigative team that broke the story that, after all, the travel money was drawn from private donors and endowments to attract hundreds of millions of dollars in investments. Or as a front-office spokesman described it, "resource generation". Do these guys ever speak English?
There's still one question: Can the Ohio public retirement system really afford to have Gee retire during these lean days? The formula for his compensation would be a lot more than $1 million. Until the economy improves, he should be encouraged to hang around for a little longer to add to his famous bow tie collection and bow tie cookies. It also would give us more time to find out what the "E" in his name stands for. Ego?