Would someone please explain why the Courier-Journal is devoting so much time and space to Jim Ramsey’s compensation package? If Ramsey had accomplished the equivalent of what he has done at the University of Louisville in the private sector, his remuneration would be at least five times as much as he is currently paid.
The newspaper’s management is apparently unable to grasp the enormity of what Ramsey has accomplished. Since he assumed the post in 2002, he has transformed UofL from a sleepy commuter school into a national player on many fronts. The University today enjoys a $1 billion endowment that was not conceivable a decade ago.
Either that or some highly-placed individual at the CJ is resentful of the tremendous strides being made at UofL. They do a disservice to the community by refusing to acknowledge that UofL was not content with the status quo. That UofL chose to separate itself from the pack of urban universities by applying creative and innovative approaches to growing the University of Louisville brand.
They’re missing out on the most relevant story of all, a then-and-now perspective on the progress on Belknap Campus, the Health Science Campus and Shelby Campus. They could easily devote an entire section on UofL, solicit advertising, and the newspaper could actually make some money for a change.
The CJ reports inevitably include so-called studies of compensation rates at other universities, as if UofL should impose limits on itself in achieving its aspirations by being average. This is inconsistent with the Post Secondary Educational Improvement Act, passed by the Kentucky General Assembly in 1997, in which UofL was given the mandate of becoming a preeminent metropolitan research university.
The University of Louisville, under Ramsey, is making inroads toward that goal despite annual cuts in state education funding, thanks to the staff’s impressive fundraising and development efforts and the assistance of the UofL Foundation. Giving is at an all-time high, helping to offset the funding cuts. Meanwhile, Ramsey has turned down more than $1 million in compensation increases since 2012.
One suspects there are individuals at the Courier-Journal who do not have the best interests of the University in mind. There are some Gubernatorial appointments to the UofL board who have competing interests as well.
Thankfully, however, those individuals comprise a small minority on the board, outnumbered by those board members who recognize that what Ramsey has achieved for UofL is unprecedented. They will continue to see through the distractions created by the malcontents with conflicts of interest and the local newspaper with a distorted sense of journalism.