03-29-2007, 09:50 AM
RZ Chamber of Commerce
Join Date: Jul 2003
Location: San Antonio
Re: Queen Nancy to OSU?
Potential OSU presidential candidate to stay put
Wednesday, March 28, 2007 10:15 AM
By Kathy Lynn Gray
THE COLUMBUS DISPATCH
Hands off, OSU!
That's the message the University of Cincinnati's Board of Trustees sent yesterday as it gave President Nancy Zimpher a new contract that will tether her to the school until 2012.
Experts had named Zimpher as a possible candidate for the Ohio State University presidency, which Karen A. Holbrook will vacate at the end of June. Zimpher is a former executive dean of OSU's College of Education.
The OSU Presidential Search Committee has not named any official candidates.
Zimpher has been at Cincinnati since 2003. Her initial contract ran until 2008, but the university's board extended it to 2009 in November after word of OSU's possible interest in her became known.
The new contract gives Zimpher these yearly benefits: a $380,164 base salary; $100,000 in deferred compensation; a 15 percent to 30 percent bonus, decided by a board committee; a house; $15,000 for a car; an entertainment budget; and health, retirement, disability, and vacation benefits.
Zimpher said yesterday she won't accept any compensation increase this year because of the uncertainty of state funding and tuition increases. Last year, her total compensation, excluding the house, was $604,825, about $140,000 a year less than in the new contract.
The contract also gives Zimpher's husband, Kenneth R. Howey, a nontenure-track faculty position.
Zimpher or the board could terminate the contract for any reason with a 180-day notice. Ohio State expects to decide on a new president this summer.