U. of Texas Changes Bonus Plan for Endowment Managers
- The 5% Non-Solution
- The Marketplace. My Subconscious.
- Tepid endowment returns pose another revenue constraint to universities
- Quick Takes: Punishments in VCU Degree Scandal, College Tries to Find Anonymous Critic, Fresno State to Pay $605K to Ex-Coach, Missing Regents at Morgan, Ethics and Football Tickets, Town vs. Gown, Cats vs. Coyotes, Campaign Silliness
- Millions for American's Ex-President
The University of Texas, which has been criticized for multi-million dollar bonuses for some endowment managers, has revised its system for paying the bonuses, Bloomberg reported. The new plan limits bonuses in good years and also cuts payouts when the endowment loses money.