Faculty pay increase for Norman campus announced today. Going to Regents on Dec. 12.

Dear OU Faculty and Staff,

As I have indicated before, we are transitioning from investment in “bricks and mortar” to investment in human capital – our people. A top priority has been finding ways to ensure that our dedicated faculty and staff are paid at competitive levels.
In furtherance of that goal, I am pleased to share with you that we will be recommending to the Board of Regents a Norman Faculty Compensation Program that would go into effect January 1, 2019.

The Provost’s Office has been working closely with HR and the Norman business analytics team on the development of the Norman faculty pay proposal to improve our market-comparative position. We also sought the input of the Faculty Senate Executive Committee and Faculty Compensation Committee, in addition to the Deans, Chairs and Directors.

The proposed Norman Faculty Compensation Program is a market-based adjustment that moves full-time instructional faculty, (ranked faculty, instructors and lecturers), in Norman-based programs on the Norman campus, at the College of Law, and in Tulsa closer to a competitive benchmark salary. In this program, the gap between current wages and the marketplace benchmark was determined using a standardized benchmark. Wages will be proportionally increased so that faculty furthest below the benchmark will generally receive the highest salary increases.

The proposed Norman Faculty Compensation Program will cost approximately $4.6 million (with fringe benefits) and $308,000 for Law and OU Tulsa (Norman faculty). The proposal includes a minimum 1.5% market-based salary increase (or a minimum of $1000), a maximum 6% market-based salary increase, and a 1.5% salary increase (or a minimum of $1000), for individuals already paid above the benchmark or where benchmark salaries were not available.

We will continue to evaluate salaries and look for ways to provide raises to our faculty at HSC and OU-Tulsa (HSC faculty) campuses as well as to the staffs at all three campuses.

More information will be available on Dec. 12 pending Board of Regents review and approval.

Sincerely,
Jim Gallogly

Dear OU Faculty and Staff,

As I have indicated before, we are transitioning from investment in “bricks and mortar” to investment in human capital – our people. A top priority has been finding ways to ensure that our dedicated faculty and staff are paid at competitive levels.
In furtherance of that goal, I am pleased to share with you that we will be recommending to the Board of Regents a Norman Faculty Compensation Program that would go into effect January 1, 2019.

The Provost’s Office has been working closely with HR and the Norman business analytics team on the development of the Norman faculty pay proposal to improve our market-comparative position. We also sought the input of the Faculty Senate Executive Committee and Faculty Compensation Committee, in addition to the Deans, Chairs and Directors.

The proposed Norman Faculty Compensation Program is a market-based adjustment that moves full-time instructional faculty, (ranked faculty, instructors and lecturers), in Norman-based programs on the Norman campus, at the College of Law, and in Tulsa closer to a competitive benchmark salary. In this program, the gap between current wages and the marketplace benchmark was determined using a standardized benchmark. Wages will be proportionally increased so that faculty furthest below the benchmark will generally receive the highest salary increases.

The proposed Norman Faculty Compensation Program will cost approximately $4.6 million (with fringe benefits) and $308,000 for Law and OU Tulsa (Norman faculty). The proposal includes a minimum 1.5% market-based salary increase (or a minimum of $1000), a maximum 6% market-based salary increase, and a 1.5% salary increase (or a minimum of $1000), for individuals already paid above the benchmark or where benchmark salaries were not available.

We will continue to evaluate salaries and look for ways to provide raises to our faculty at HSC and OU-Tulsa (HSC faculty) campuses as well as to the staffs at all three campuses.

More information will be available on Dec. 12 pending Board of Regents review and approval.

Sincerely,
Jim Gallogly


would be interesting to see how Moral among staff is after this... a potential max of a 6% increase is a nice increase for those that receive it

Dear OU Faculty and Staff,

As I have indicated before, we are transitioning from investment in “bricks and mortar”

Sincerely,
Jim Gallogly

AKA Molly Boren isn't running around having brand new construction projects torn up and redone because she didn't like the color or some other stupid feature. I would love to see an audit of how much $$ was spent because of change orders that trace back to her.

It’s more than very apparent that way too many here are very under informed on the current CR landscape. This is from OU's 247 site.

What is on this link provides some current thoughts, information and some speculation.

https://247sports.com/college/oklahoma/Article/Big-Ten-targeting-Oklahoma-Sooners-Texas-Longhorns-125965141/
ByJOEY HELMER Dec 5, 9:01 PM

So, a guy in Minnesota knows a guy who knows a guy? And the B1G won't have divisions or a round robin schedule, but will have 16 or more teams? And the Long Horn Network is a nothing?

would be interesting to see how Moral among staff is after this... a potential max of a 6% increase is a nice increase for those that receive it

Adding in the "as well as to the staffs at all three campuses." isn't exactly a promise for staff raises. I do know just about no one on campus has seen a raise in a very long time, both faculty and staff.

4 new executive positions will cost an additional $350,000+ from their predecessors total.

The new salaries versus their predecessors' are as follows:

Lauren Brookey, vice president for marketing and communications, will be paid $200,000 for 12 months. Rowdy Gilbert, former vice president for public affairs, was paid $42,083.
Charles Wright, chief audit executive, will receive $225,000 for 12 months. Clive Mander, former CAE made $181,800.
John Woods, executive director for governmental affairs, will make $155,000 for 12 months. Jonathan Nichols, former vice president for governmental affairs, made $102,746.
Ken Rowe, senior vice president and chief financial officer, made $400,000 for 12 months. Nick Hathaway, former executive vice president for administration and finance, made $301,670.

It’s easy to transition from bricks and mortar when someone else got the required facilities in place even though public funding for facilities improvements has been lacking for decades.

Im disappointed that its only 4.6 million. With as many caveats as they have in there, and the lower amount they are offering, its a bit underwhelming. That being said, at least they are doing SOMETHING, which is more than could be said for Boren's term.

And Boren worked to get money for high profile capital improvements, but often failed to put money into updating the "less sexy" areas like the arts. Just check out Cauffman Hall. There are some major crap structures around the campus still and they really need to be consolidated into fewer, more modern structures so they can save on maintenance and utilities. But instead, we saw cosmetic crap like taking some of the older crappy places and putting the brick/stone facades on them but ignoring the bones of the places.

And dorms....jeez dorms. So much crap out there. So much crap.

Im disappointed that its only 4.6 million. With as many caveats as they have in there, and the lower amount they are offering, its a bit underwhelming. That being said, at least they are doing SOMETHING, which is more than could be said for Boren's term.

And Boren worked to get money for high profile capital improvements, but often failed to put money into updating the "less sexy" areas like the arts. Just check out Cauffman Hall. There are some major crap structures around the campus still and they really need to be consolidated into fewer, more modern structures so they can save on maintenance and utilities. But instead, we saw cosmetic crap like taking some of the older crappy places and putting the brick/stone facades on them but ignoring the bones of the places.

And dorms....jeez dorms. So much crap out there. So much crap.

To be fair OU has a lack of classroom space. Those old building hold a lot of classrooms and if they are fully redone they have to be up to new ADA standards which in turn means less seats in the classroom (Dale Hall is famous for this issue). In reality more classes need to move to online or some days in person some online.

Im disappointed that its only 4.6 million. With as many caveats as they have in there, and the lower amount they are offering, its a bit underwhelming. That being said, at least they are doing SOMETHING, which is more than could be said for Boren's term.

And Boren worked to get money for high profile capital improvements, but often failed to put money into updating the "less sexy" areas like the arts. Just check out Cauffman Hall. There are some major crap structures around the campus still and they really need to be consolidated into fewer, more modern structures so they can save on maintenance and utilities. But instead, we saw cosmetic crap like taking some of the older crappy places and putting the brick/stone facades on them but ignoring the bones of the places.

And dorms....jeez dorms. So much crap out there. So much crap.

I disagree. The improvements across campus under Boren's admin are pretty astounding. "Less sexy" programs like education and social work (and there are plenty more) were completely transformed. I travel to a lot of college campuses and OU has one of the nicest campuses in the country. Almost every building is maintained to look good to students, faculty, and visitors inside and out. If there's something to criticize Boren on, it's not this IMHO.

And, yes, taking the Blender or Dale out of commission would present serious challenges. And choosing Kaufman Hall as an example is rather selective considering it's sister buildings on each side were completely reonvated (education) or torn down and replaced with a beautiful new building (Gittinger).

And Boren worked to get money for high profile capital improvements, but often failed to put money into updating the "less sexy" areas like the arts. Just check out Cauffman Hall.


You obviously haven't been to Holmberg Hall, the Fred Jones Art Museum, or the Weitzenhoffer center. They are all now excellent. The Weitzenhoffer center is home to one of the top 5 performing arts schools in the US. Of all the areas you could point to, this was the most pointless. LOL

Boren's rep might be taking another hit. A small misdeed in the grand scheme of things but still not a good look.

http://www.oudaily.com/news/ou-employs-law-firm-to-investigate-misreporting-of-alumni-donations/article_36be23c6-fcd0-11e8-bc12-1f07baf0b20a.html

Boren's rep might be taking another hit. A small misdeed in the grand scheme of things but still not a good look.

http://www.oudaily.com/news/ou-employs-law-firm-to-investigate-misreporting-of-alumni-donations/article_36be23c6-fcd0-11e8-bc12-1f07baf0b20a.html

Yeah... that’s not cool. 😕

https://www.normantranscript.com/news/gallogly-to-boren-cross-me-again-i-will-destroy-you/article_b88f7ac6-fd84-11e8-87bf-9fde9c852062.html?fbclid=IwAR2Kc6MKmoxijkMNsHlOs0B o_Mzg-PU8V5uopd0MCAU8yObdu58ni8Rkbrs


Following the publication of that letter on June 20, Gallogly told a senior OU administrator to deliver a message to Boren: “You tell him that I am the meanest son of a bitch he has ever seen, and if he ever crosses me again, I will destroy him.”

The statement was confirmed by multiple sources who spoke to the Transcript on a condition of anonymity for fear of reprisal from Gallogly.

OU interim vice president of public affairs Erin Yarbrough responded to reports of the threat on Gallogly’s behalf in a statement saying, “the situation described and message to President Boren is inaccurate.”

“Mr. Gallogly has been true to his word,” a source with knowledge of the situation, said. “He has been on a continual quest to persecute David Boren.”

...

It is unclear when the relationship between Gallogly and Boren began to sour, but Gallogly's response to Boren's June 20 letter was certainly a turning point, according to multiple sources.

....

According to multiple sources with knowledge of the situation, Gallogly's attitude toward Boren has become increasingly antagonistic since June. Gallogly instructed the Stephenson Cancer Center not to install a plaque memorializing Boren's brother-in-law, Dr. Augustin Henry Shi V, who died in 2016 from cancer. Shi was treated at the Stephenson Cancer Center, and Boren, along with his wife Molly Shi, donated $25,000 to the center with the understanding the plaque would be installed in the center's lobby.

The OU Foundation then returned the $25,000 gift to the Borens per their request, according to multiple sources. OU Foundation President and CEO Guy Patton declined to comment on specific donations, but noted the decision to install a plaque or memorial on university property lies solely with the university's administration.

Yikes.

https://www.normantranscript.com/news/gallogly-to-boren-cross-me-again-i-will-destroy-you/article_b88f7ac6-fd84-11e8-87bf-9fde9c852062.html?fbclid=IwAR2Kc6MKmoxijkMNsHlOs0B o_Mzg-PU8V5uopd0MCAU8yObdu58ni8Rkbrs



Yikes.

Just read that myself. Something is sure brewing between these two...

According to multiple sources with knowledge of the situation, Gallogly's attitude toward Boren has become increasingly antagonistic since June. Gallogly instructed the Stephenson Cancer Center not to install a plaque memorializing Boren's brother-in-law, Dr. Augustin Henry Shi V, who died in 2016 from cancer. Shi was treated at the Stephenson Cancer Center, and Boren, along with his wife Molly Shi, donated $25,000 to the center with the understanding the plaque would be installed in the center's lobby.

The OU Foundation then returned the $25,000 gift to the Borens per their request, according to multiple sources. OU Foundation President and CEO Guy Patton declined to comment on specific donations, but noted the decision to install a plaque or memorial on university property lies solely with the university's administration.

Like I said about the last one, low class.

This is embarrassing for the university. At this point, it’s clear Gallogly doesn’t have the temperament for the position. I hope he comes to this conclusion and steps down.

Before he took office, Gallogly was critical of the university's financial status in a June 19 OU board of regents meeting. Boren countered with a letter on June 20 to the Transcript, defending OU's finances and stating a significant part of the university's debt was bonded debt with scheduled payments.

Following the publication of that letter on June 20, Gallogly told a senior OU administrator to deliver a message to Boren: “You tell him that I am the meanest son of a bitch he has ever seen, and if he ever crosses me again, I will destroy him.”

The statement was confirmed by multiple sources who spoke to the Transcript on a condition of anonymity for fear of reprisal from Gallogly.

Unbelievable.

OUDaily reports he is saying more layoffs come at the beginning of the year but not in the "hundreds and hundreds"

This is embarrassing for the university. At this point, it’s clear Gallogly doesn’t have the temperament for the position. I hope he comes to this conclusion and steps down.

Get this guy out of OU. He is doing damage both internally and externally. Poor choice

Those mean old reporters just won't give this guy any slack. It does appear though that oversight by the regents appears to be similar to Congressional oversight. This is just so unseemly. What an embarrassment.

interesting
http://www.oudaily.com/news/ou-employs-law-firm-to-investigate-misreporting-of-alumni-donations/article_36be23c6-fcd0-11e8-bc12-1f07baf0b20a.html

OU misreported alumni participation and donor data to U.S. News and World Report, prompting the university’s new administration to conduct an internal investigation with the help of a private law firm, according to multiple sources and data obtained by The Daily.

Multiple sources connected to OU’s development department in Whitehand Hall, which oversees the production of alumni participation statistics, have confirmed that the university inflated the percent of alumni donors it reported to U.S. News & World Report over multiple years during former OU President David Boren’s time in office.

Given the “You tell him that I am the meanest son of a bitch he has ever seen, and if he ever crosses me again, I will destroy him.” quote, I can't help but be extremely suspicious about the timing of this alumni participation scandal.

I am going with scorned administrators who were laid off may be the sources. This quote is bizarre and I don’t see it happening

Just as I expected and just the type of over reach by those hell bent on jumping to conclusions in all their hate for Gallogly!

There is a very strong likelihood this was made up by others who hate Gallogly!

It’s pretty telling about the quality of posting done in this thread when so many so badly wanted this to true and then when this hasn’t even been posted yet and it’s hours old....Like I said up thread there are plenty of people here who do not want to give this man a chance…but for some reason I see little evidence of this anywhere except on this thread / board /echo chamber.

http://www.oudaily.com/news/absolutely-inaccurate-ou-president-james-gallogly-denies-transcript-report-that/article_e7ecca60-fd90-11e8-9b8b-fbea8a83fd82.html
OU President James Gallogly denied a report from The Norman Transcript that he had threatened former President David Boren regarding disagreements over university finances.

"Absolutely inaccurate," Gallogly said when asked about the story. "That simple, no more complicated than that."

The Daily had received a similar tip but had been unable to independently confirm the story.

Gallogly said the story was "really silly."

"Why does this come up now? Apparently that was just before I took office, why does that come up now?" Gallogly said to a Transcript reporter. "Did you ever ask yourself that? I wonder why they made that up now?"

I am going with scorned administrators who were laid off may be the sources. This quote is bizarre and I don’t see it happening

The quote as quoted does seem a little mustache twirly, but it may still catch the gist of what was actually said.

I don’t know. With the way he’s come after Boren, I can see him saying it. The guy seems to be all out to discredit others and make himself look good. Seems like some other “Presidential” behavior we’ve witnessed the last couple of years.

I don’t know. With the way he’s come after Boren, I can see him saying it. The guy seems to be all out to discredit others and make himself look good. Seems like some other “Presidential” behavior we’ve witnessed the last couple of years.
You could see it because you want it to be true regardless of the damage and consequences. You have made this abundantly clear!!!! Everything is political to you!

You could see it because you want it to be true regardless of the damage and consequences. You have made this abundantly clear!!!! Everything is political to you!

Yes, you've certainly shown yourself to be an impartial observer as well.

https://newsok.com/article/5617511/university-of-oklahoma-regents-approve-faculty-raises-executive-hires

Not bad, but still not enough yet.

Yes, you've certainly shown yourself to be an impartial observer as well.
Beat me to it. But I think he's the poster formerly known as OU48A, so it's to be expected.

You could see it because you want it to be true regardless of the damage and consequences. You have made this abundantly clear!!!! Everything is political to you!

It’s not about politics. It’s about style of leadership, or lack of. There is a certain element of our society who now feels free or emboldened to use tactics that were considered unacceptable previously. Win at all cost and narcissism is an acceptable trait.

Btw, if you do not know that there has been a consistent attack on “liberal” thinking academics by far right activist business persons and politicians you’ve been living under a rock. It’s no secret there have been conservative money people in this state who have despised Boren for his years ago democratic leadership. Even though he commanded international respect for his understanding and wisdom on complex strategical issues. But, he promoted students thinking on their own and their achieving regardless of where they came from, who their family was, or how much money they have.

Boren was raiding the taxpayers for his own image much like our last administration, now we have a new guy who understands financials and is not in it for his own personal gain, win/win for the university and taxpayers

I want an ACADEMIC to head my Flagship University. He can hire a qualified, proven financial manager to report to him.

It’s not about politics. It’s about style of leadership, or lack of. There is a certain element of our society who now feels free or emboldened to use tactics that were considered unacceptable previously. Win at all cost and narcissism is an acceptable trait.

Btw, if you do not know that there has been a consistent attack on “liberal” thinking academics by far right activist business persons and politicians you’ve been living under a rock. It’s no secret there have been conservative money people in this state who have despised Boren for his years ago democratic leadership. Even though he commanded international respect for his understanding and wisdom on complex strategical issues. But, he promoted students thinking on their own and their achieving regardless of where they came from, who their family was, or how much money they have.

While I agree with most of this, the corollary is true, as well. If you do not know there has been a consistent attack on "conservative" financial dealings and politicos and business persons by far left (even moderate) left-thinking academics, you have been living under a rock.

While I agree with most of this, the corollary is true, as well. If you do not know there has been a consistent attack on "conservative" financial dealings and politicos and business persons by far left (even moderate) left-thinking academics, you have been living under a rock.

At THIS university? OU and by extension this state government is the discussion here. Let's not widen the scope and drive into the weeds.

Boren was raiding the taxpayers for his own image much like our last administration, now we have a new guy who understands financials and is not in it for his own personal gain, win/win for the university and taxpayers
Then maybe Republican legislators will see fit to reward Gallogly for being conservative by restoring at least some of the cuts to higher education over the years. More money going to universities, such as to raise pay for faculty, can help the economies of college towns, such as Norman with other positives as well.

Then maybe Republican legislators will see fit to reward Gallogly for being conservative by restoring at least some of the cuts to higher education over the years. More money going to universities, such as to raise pay for faculty, can help the economies of college towns, such as Norman with other positives as well.

Boren apparently had plenty of $$ and was always asking for more from every direction possible, this situation is going to let us know him and Molly wasted it

Then maybe Republican legislators will see fit to reward Gallogly for being conservative by restoring at least some of the cuts to higher education over the years. More money going to universities, such as to raise pay for faculty, can help the economies of college towns, such as Norman with other positives as well.

I don't think there is anyway people can deny the economic benefit of OU to communities in Oklahoma. The Norman campus is the 4th biggest employer and the HSC is the 8th. Lots of good jobs in the university system.

I don't think there is anyway people can deny the economic benefit of OU to communities in Oklahoma. The Norman campus is the 4th biggest employer and the HSC is the 8th. Lots of good jobs in the university system.

Seriously, Republican legislators might as will have been denying that to be true, like in 2016, when they cut funding for higher education by nearly 16%. And like what Boren wrote, OU has received approximately the same state funding received more than 10 years ago. To quote Boren, "It is clear that no public college or university can maintain the excellence that we have achieved unless state funding returns to normal."

To respond to funding cuts by raising tuition can lead to declining numbers of student enrolling and then the bad economic side effects from that. But one can hope voter rejection of a bunch of legislators who voted no to increase teacher pay sent a message to provide better support for all public education.

Boren apparently had plenty of $$ and was always asking for more from every direction possible, this situation is going to let us know him and Molly wasted it

Yeah, that was plentifully true for the sports program.

Declining public support from the state legislature sure hasn't helped OU's credit worthiness.

Yeah, that was plentifully true for the sports program.

Declining public support from the state legislature sure hasn't helped OU's credit worthiness.

The sports program pays for itself and was giving $$ back to the university for Boren to waste.

Boren lied about donations and the debt - he likely also lied about the public funding he was wasting, maybe he can get some charity $$ to make some more commercials patting himself on the back publically while he is screwing everyone over behind the scenes.

OU Regents OK raises, hires

https://cdn2.newsok.biz/cache/r960_blur-c595ab04c5493cacbeca595ba019160e.jpg



"The university has now found over $31 million in ongoing savings starting in fiscal year 2020. This number is going to continue to grow," Gallogly reported.

"Finding savings like this allows us to hold tuition flat, give our faculty raises, as well as our staff, and advance our mission of doubling research."

Oklahoman, December 12, 2018: https://www.oklahoman.com/university-of-oklahoma-regents-approve-faculty-raises-executive-hires/article/5617511

Boren was raiding the taxpayers for his own image much like our last administration, now we have a new guy who understands financials and is not in it for his own personal gain, win/win for the university and taxpayers

Boren didn't have to have OU to succeed at a high level. He had tremendous opportunities in government and private business but CHOSE to dedicate himself to academics at OU. He didn't need to buy himself a presidency (cough, cough) and then trash his predecessors to try to make it look legit.

Boren lied about donations and the debt - he likely also lied about the public funding he was wasting, maybe he can get some charity $$ to make some more commercials patting himself on the back publically while he is screwing everyone over behind the scenes.

I'm not convinced that any of that is true.

Gallogly is clearly on a mission to make the previous administration look as bad as possible. That may play well with a few wealthy donors who have seethed for years about Boren's political leanings, but outside of that limited group this looks really bad. It doesn't make Boren look bad, it makes Gallogly and the Board of Regents look bad.

The whole "trash everything about the previous guy" tactic may work fine in business, but it's the exact opposite of what is expected in academia. You're supposed to come in and talk about how wonderful the previous administration was, and how you respect all they've done for the university and the students. Even if it's a bunch of crap and you don't believe it, that's still what you're expected to do. This kind of classless behavior by Gallogly is going to hurt OU. If anybody thinks the Big 10 is going to invite us to join while this guy is in charge, they're a fool. Cousin Eddie doesn't know how to behave in polite company.

^

It doesn't work fine in business, either. Just makes you look insecure and weak.


I have gone from concerned to alarmed. Regardless of what is actually going on here, this is embarrassing for everyone involved including the regents and school.

Gallogly is revealing himself to be the Howard Schnellenberger of OU presidents.

^

gallogly is revealing himself to be the howard schnellenberger of ou presidents.



ouch!!!

Gallogly is revealing himself to be the Howard Schnellenberger of OU presidents.

Very good line. But also very true. Boren said in a statement that the words from Gallogly were as reported. Multiple sources confirm it. Gallogly is obviously not right for the job.

^

It doesn't work fine in business, either. Just makes you look insecure and weak.


I have gone from concerned to alarmed. Regardless of what is actually going on here, this is embarrassing for everyone involved including the regents and school.

Gallogly is revealing himself to be the Howard Schnellenberger of OU presidents.

He could completely be doing everything right, but his mission is so damaged by the things he says that his stay as the President of the University is increasingly becoming untenable.

From the Daily: 'Does it mean the sky is falling? Maybe not': Experts say OU's debt not a red flag when compared to other Big 12 schools (http://www.oudaily.com/news/does-it-mean-the-sky-is-falling-maybe-not-experts/article_e4acf9be-fe63-11e8-b1aa-f31595024c61.html)


OU’s debt totals $908 million as of Nov. 30, according to Erin Yarbrough, interim vice president for public affairs. Yarbrough also said OU will spend roughly $66 million on debt payments this year.

Yarbrough previously told The Daily that a final university budget has not been completed for fiscal year 2019, which ends next June, so there is not an official percentage of the amount of the overall budget that will be spent on debt payments. But the Board of Regents approved a $1.02 billion preliminary budget for the Norman campus this fiscal year, leaving OU to spend roughly 6.5 percent of its total budget on debt payments until official budgets have been approved.

"I’ve seen healthy private institutions at that rate or higher," Menditto said, referring to OU’s 6.5 percent.

When looking at total debt, the percentage of overall budget spent on debt payments and debt per student, OU does spend more per year than most other Big 12 universities.

The University of Texas has $1.6 billion in debt, but it spends about 4 percent of its overall budget on debt payments. Oklahoma State University said it has roughly $863 million in total debt and spends 5 to 6 percent of its total budget on payments.

West Virginia University has $753 million in debt and spends approximately 5.5 percent on debt. Iowa State has about $503 million in debt, with 3 percent of its overall budget going to payments.

Kansas State University said it has $464 million in debt and spends 4.5 percent of its total budget on debt payments. Texas Tech has $445 million in debt, and most of its payments are covered through donations and gifts to the school.

The City of OKC carries tons of debt... That's what a General Obligation Bond is: a very low-interest loan on future revenues. It's similar to what OU does.

Perhaps Gallogly should go blowing into City Hall and rant about everyone there being incompetent and how they need a brilliant businessman like him to tell them how to run things.

From the Daily: 'Does it mean the sky is falling? Maybe not': Experts say OU's debt not a red flag when compared to other Big 12 schools (http://www.oudaily.com/news/does-it-mean-the-sky-is-falling-maybe-not-experts/article_e4acf9be-fe63-11e8-b1aa-f31595024c61.html)

I expanded on the article's information



OU
UT
OK ST - 5%
OK ST - 6%
WVU
ISU
KSU
TTU


Total debt
$908,000,000
$1,600,000,000
$863,000,000
$863,000,000
$753,000,000
$503,000,000
$464,000,000
$445,000,000


Percent of total budget paid yearly toward debt
6.5%
4%
5%
6%
5.5%
3%
4.5%
Gifts


Debt payment per year
$59,020,000
$64,000,000
$43,150,000
$51,780,000
$41,415,000
$15,090,000
$20,880,000
N/A


Total students
28,582
51,832
24,649
24,649
29,936
34,992
22,221
38,209


Debt per student
$31,768
$30,869
$35,012
$35,012
$25,154
$14,375
$20,881
$11,646


Student debt payment per year
$2,065
$1,235
$1,751
$2,101
$1,383
$431
$940
$0

Well, considering the lack of support from the state legislature, it's actually impressive the Oklahoma schools are even comparable to Big 12 counterparts with better state funding. It's starting to look more and more like Gallogly is either ignorant, incompetent, or just straight up gaslighting the OU community. Is there a precedent for asking a president to step down this soon? I wonder if OU's faculty Senate might considering a vote of no confidence. These events also raise serious questions about the Board of Regents' priorities, abiltities, and intentions.

Well, considering the lack of support from the state legislature, it's actually impressive the Oklahoma schools are even comparable to Big 12 counterparts with better state funding. It's starting to look more and more like Gallogly is either ignorant, incompetent, or just straight up gaslighting the OU community. Is there a precedent for asking a president to step down this soon? I wonder if OU's faculty Senate might considering a vote of no confidence. These events also raise serious questions about the Board of Regents' priorities, abiltities, and intentions.

Giving the faculty a raise will quell them for a while I imagine. But as they cut more staff, faculty are affected by that greatly. They also are still a bit mad over the process of the presidential selection not being transparent what so ever.

At the end of the day the board of regents has a lot of power over this and it would take some serious faculty protests to make anything happen.

^

It doesn't work fine in business, either. Just makes you look insecure and weak.


I have gone from concerned to alarmed. Regardless of what is actually going on here, this is embarrassing for everyone involved including the regents and school.

Gallogly is revealing himself to be the Howard Schnellenberger of OU presidents.

there is still alot more to this store - Boren may have been the John Blake of OU presidents for all we know

there is still alot more to this store - Boren may have been the John Blake of OU presidents for all we know

We know enough to know that's not a good comparison. The growth OU showed under Boren academic reputation, campus quality, program creation (e.g., honors college) is really rather incredible. I am not saying Boren was perfect or above scrutiny, but to label his presidency a complete failture akin to the Blake years would be to ignore a lot of contrary evidence.

I love this concept that everything should be debt free or get out of debt when literally almost every business, govt, personal entity has some debt.

Too much debt is bad, too little debt is bad too.

Debt can fuel growth much quicker and at a higher rate then trying to do it with cash flow. There's a tipping point where debt is more efficient than paying cash.
That's why when business need to grow they tap a mix of debt and equity. Waiting to use profits to fund the growth won't work the growth will pass you buy.
Trying to save up $100-$150k for your first home in your 20s won't work. buy the time you can save that much you might need a 200k-250k home. So you get a mortgage.
While MAPS is awesome imagine how inefficient and difficult it would be to operate the city that way? Prime example, look at I44-I235.

If Gallogly actually said what is reported last summer why are the Boren loyalist including the Norman Transcript just now making this public….?

If true Boren’s people have been sitting on this information for many months knowing full well that their poor management would eventually come to light… Boren, ever the politician, knew he would need a distraction from the bad news about how he operated OU that was sure to come.

Once we get past any words…. Boren and his apologists are left with much more embarrassing amount of egg on their faces for the way they defend and deflect from the poor Boren management in his last few years.

This caused real life significant increases in student tuition and no pay raises for OU employees for 10 years.

This adversely impacted thousands of OU students and OU employees…

What actually happened to these people is many times more impactful and many times more embarrassing than any words Gallogly may have said about Boren. But not many here seem honest enough to even recognize the truthfulness of those facts.

The fact Gallogly came in and found 31 million dollars in annual cost saving according to some reports in a few short months that would have largely been available to Boren had to be a personal embarrassment for Boren... especially since the Boren solutions were always more about increasing donor and state tax money.

Where was the reporting from Norman Transcript on Boren’s waste and the donor misreporting ?… Sure looks like they have been looking the other way all this time. That’s embarrassing for them.

Once the Boren people calm down from the real world finally arriving at OU even they should eventually see that OU will become a stronger university because of the changes that are now being made. There are important people in state government and donors collectively worth tens of billions who will stand by Gallogly pretty much no matter what he says and no amount of crying is going to change that.…

It’s now time to move on and jump on the Schooner and help make OU greater than ever.


5 Things You Need to Know About OU's Financial Situation
http://www.ou.edu/insideou/articles/norman-financial-situation
1) Debt Rising & Cash Falling

The Norman campus has close to $1 billion in debt, including synthetic debt that needs to be serviced. We must pay principal and interest payments every year which total nearly $70 million. Our debt has grown rapidly due to the new construction on the Norman campus.

PS: I expect to be told that 70 million just to service OU’s debt is not a lot of money. The fact is that when OU has been spending more than they have been taking in for several years…it’s a lot of money…like it or not.

I don’t know that this necessarily applies to OU (OU has a large endowment and I highly doubt it will ever be in any danger of closing), but it does touch on university debt, how many institutions are now operating at a loss and why that will be an issue going forward. I would imagine that the board of regents has been presented with information like this over the last few years and given OU’s financial condition, probably helped influence their choice to hire Gallogly. I’m sure they look at the rest of the country and view being more financially stable than other schools as a major competitive advantage in the future. Though personally I greatly enjoy the constant Boren bashing, he needs to chill with the anti-Boren rhetoric and do the job. He’s the right person to clean things up and put the university on the right financial path over the next few years...he just needs to stop some of the noise.

https://www.forbes.com/sites/michaelhorn/2018/12/13/will-half-of-all-colleges-really-close-in-the-next-decade/amp/

This thread is just about spin now. There are those that hated Boren and love the strong arm tactics of leadership now. Accept it for what it is ... a power play. We are getting the same propaganda regurgitated over and over by a few in an attempt to justify. Sadly, many will believe the Gallogy/Bennett axis.