Chris reported that the Compensation Committee planned to present their report and recommendations to the Finance Committee of the Board of Trustees later in the day and to the full board in the evening. He said that V.P. McKitish and Pres. The Board is unlikely to approve the compensation policy until the issue of non-salary compensation is addressed. Ginny Samuel and Chris today, additional members tomorrow. Key Trustees have already been called and Chris and Ginny have met with some Trustees as well.
Trustees are aware of the possibility of a negative reaction to a delay.
Kean has never suggested changing the policy proposal, he has just suggested better ways to present it to the Board. Compensation is now on the table at budget meetings across campus. The Trustees have been and will be told that if Drew wants to pay competitive wages, here is what is needed. The Board will be given salary figures so the Board will know and understand what we need to pay people. Friday afternoon sometime.