Not only that, but Dzau sits on a shitload of corporate boards, which pay him hundreds and hundreds of thousands of dollars. The dude is raking it in.

Which bothers a few divinity school types at Duke, who note that

the university paid the bonuses even as it was cutting jobs and eliminating raises for most other workers.

… In recent years, Duke has frozen pay and eliminated jobs in an attempt to pare its annual operating budget by $100 million.

Nearly 400 workers have accepted buyout offers since early 2009. Their jobs were then eliminated.

“During a time when the administration is saying we all needed to tighten our belts and make sacrifices…as it turns out, some of the folks who lost money for Duke [she’s talking about investment managers, who also got bonuses] were giving themselves bonuses,” said Amy Laura Hall, a tenured professor of Christian ethics. “I think that’s obscene.” …

Some of Hall’s students have taken to the quads dressed in Depression era gear and selling apples: “With all the cuts we have around here and all the bonuses we have to give to the big guys, we need to raise all the money we can.”

UD will be sending an executive bonus donation to Duke this evening, and she encourages you to do the same. At a time of real fiscal distress, Duke remains foursquare in its defense of its executive reward system. Its executives themselves are equally remarkable for their fidelity, through thick and thin, to the principle of unlimited personal enrichment.

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7 Responses to ““Victor Dzau, chancellor of the Duke health system, got a $983,654 bonus, bringing his total compensation to more than $2.2 million.””

  1. adam Says:

    Victor Dzau is a holy cow –
    Don’t you dare to ask just how
    He rakes it in with a permanent grin
    Outside of Duke and also within.

  2. University Diaries » If you still haven’t made your donation to the Victor Dzau Bonus Fund… Says:

    […] see this post for background. And remember: Nothing you can give could ever be enough; but whatever you can give will […]

  3. david foster Says:

    A question: Would it be reasonable to require administrators and professors who make significant $$$ from outside activities….in cases where the individual’s viability for the outside activity relies heavily on the his affiliation with the university…to split the money with his institution?

    I’m not thinking of, for example, an English professor who writes a successful novel—it’s unlikely that the publishers decided to publish & promote the novel based on the professor’s university affiliation–but rather on board memberships, consulting assignments, etc.

  4. University Diaries » UPDATE: Duke Bonuses Fund. Says:

    […] to Professor Amy Laura Hall, spearheading the effort to make sure these men get every penny coming to them. And then […]

  5. Duke Divinity Students Protest Pay of Chancellor for Health Affairs | Health Wiki information Says:

    […] more extreme in the context of the money he brings in from outside work.  As Prof Margaret Soltan pointed out on the University Diaries blog, Dr Dzau also serves on multiple corporate boards.  The […]

  6. Duke Divinity Students Protest Pay of Chancellor for Health Affairs | Says:

    […] more extreme in the context of the money he brings in from outside work.  As Prof Margaret Soltan pointed out on the University Diaries blog, Dr Dzau also serves on multiple corporate boards.  The […]

  7. Duke Divinity Students Protest Pay of Chancellor for Health Affairs | Best Health Says:

    […] more extreme in the context of the money he brings in from outside work.  As Prof Margaret Soltan pointed out on the University Diaries blog, Dr Dzau also serves on multiple corporate boards.  The […]

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