Ribeau donates 3 percent raise to Building Dreams campaign
The BGSU Board of Trustees demonstrated its approval of President Sidney Ribeau at its Dec. 1 meeting by granting him a 3 percent raise. The president in turn expressed his support of the University by announcing he will donate the entire sum, $8,873, to the Building Dreams campaign.
“The most important thing is the vote of confidence on the part of the board in the mission and direction of the University that this raise represents,” Ribeau said, adding that, with all components of the University moving ahead in a common direction, much can be done.
“Because I am so committed to the institution and what it accomplishes, my wife and I want to commit my 3 percent increase to the Building Dreams campaign. It’s so important to building a future for our students—academically, athletically and socially,” he said.
The president’s current salary is $295,752; the raise brings his salary to $304,625 for calendar year 2007.
This is not the first time he has donated his salary increase to the University. In 2005 he also accepted but gave back a raise (3.25 percent), as he did in 2003 (3 percent) and 2002 (also 3 percent). In 2004 he declined a raise.
Board President Mike Wilcox said the raise is based on a unanimously positive evaluation of the president’s performance as he enters his 12th year at BGSU. Following the meeting, Wilcox explained that the evaluation looks at such criteria as how the University is progressing on meeting the strategic goals set each year, and includes enrollment and retention, diversity and other benchmarks.
Proposed property purchase
In other action, the board unanimously agreed to begin negotiations to buy the Bowling Green Industrial Park, situated on property formerly occupied by the old Heinz plant at 436 N. Enterprise St. and bounded by Ridge Street, Merry Avenue and the railroad tracks. The offer to purchase is contingent on a study of the property coming back satisfactorily and the purchase price not exceeding $2.6 million.
Funding for the purchase would come from BGSU Foundation funds, Wilcox said. The annual return on investment is projected to be about 8.85 percent. The property is currently leased and brings in revenue of about $18,000 per month.
“It’s an excellent location and will give us diversification of our University portfolio into real estate,” Wilcox said.
While the University has no long-term plans for the property, “it’s a good investment that gives us flexibility on our boundaries,” Wilcox said.
Financial Affairs Committee
Becca Ferguson, director of Human Resources, told the Financial Affairs Committee that the choice of Sun Life as the new life insurance provider for the campus resulted in a savings of 10 cents per $1,000 on the cost of coverage compared to what the previous provider would have charged following an announced increase. Sun Life also gave a three-year rate guarantee, in addition to more options for employees to purchase coverage they need, such as short-term disability insurance for employees with less than five years of service. Also important was Sun Life’s Travel Assistance Program, which covers transportation and medical expenses for those traveling abroad or in the United States. “The faculty particularly were interested in this,” Ferguson told the committee.
On another matter, the committee heard from General Counsel Tom Trimboli that the feasibility study of the Dunbridge Road project proposed by the Calderon family has not been completed yet. He will report the results at the next board meeting in March.
Robert Waddle, assistant vice president for capital planning, reported on a number of projects including the Sebo Athletic Center, on which he said significant progress has been made recently. Also, the majority of details regarding the move out of the Saddlemire Student Services Building and into Conklin North have been worked out, he said, but he is still searching for a temporary home for some of the equipment that will have to be stored until the new student services building is constructed.
HESA becomes a department
Following the recommendation of the Student and Academic Affairs Committee, the board voted to separate the Division of Higher Education and Student Affairs (HESA) from the School of Leadership and Policy Studies and make it a department. HESA, with its eight full-time faculty members, will offer a master’s degree in college student personnel and a doctorate in higher education administration.
December 4, 2006