David Petraeus' cushy CUNY gig: $1,500 an hour
The disgraced former general will earn $150,000 for one course at the NYC public university, leaving the average adjunct far behind.
Updated July 16, 2013
Take a scandal, a former public figure and an eager university, and you've got the recipe for a new type of academic class. Call it How to Get Disgraced and Still Make a Bundle 101.
Details are emerging on one of those recent hires, and some folks in academia are crying foul. The City University of New York, a public institution, will pay former CIA director and Army General David Petraeus $150,000 to work three hours a week during the academic year to lead a seminar, according to documents published by Gawker and obtained via a Freedom of Information Law request.
That means he's earning roughly $1,500 per hour, based on a 16-week academic semester. Petraeus also has a teaching gig lined up at the University of Southern California, which hasn't disclosed his pay.
Adjunct professors at CUNY usually earn less than $3,000 per course, which would work out to $63 per hour, assuming three hours of instruction per week. Adjuncts also put in extra hours through grading and advising.
Petraeus' position will be paid for by fundraising rather than taxpayers' dollars, a representative for CUNY told Gawker. His pay was also trimmed from an initial offer of $200,000 per year, although it wasn't clear why or when the reduction happened.
Petraeus' pay highlights tensions within academia between high-paid celebrity professors and administrators and lower-paid teaching staffers, as well as for students and their families, many of whom are struggling with tuition increases that are outpacing the rate of inflation. On top of that, student loan rates doubled to 6.8% Monday after Congress failed to resolve the issue.
As for CUNY, it now relies on adjuncts to teach half its courses, according to the CUNY Adjunct Project. The reason? Adjuncts cost much less than tenured or tenure-track professors, starting with annual income of about $25,000. A full professor at CUNY can make from $56,000 to $102,000, the site notes.
Other disgraced public figures who have transitioned to academia include former New York Gov. Eliot Spitzer, who has since taught at City College, and former New Jersey Gov. James McGreevey, who taught in Kean University's MBA program. Like Petraeus, both Spitzer and McGreevey left office amid a sex scandal.
Petraeus' pay scale isn't being well received within the ranks of academia. One commenter on the Chronicle of Higher Education noted: "This could pay for 3 entry level full-time positions at many state and community institutions. . . . Once again, the elite wins."
Update: Petraeus asked CUNY to reduce his salary to $1 per year, The New York Times reported on Monday, citing his attorney. "The general never was taking on this teaching assignment for the money," Robert Barnett, his lawyer, told the newspaper. Petraeus waived the salary to remove the controversy over his work with the school, he added.
Follow Aimee Picchi on Twitter at @aimeepicchi.
Why doesn't the media say "disgraced" Clinton gets $100,000 per appearance to speak to liberal boneheads?
At least Petraeus had good taste. Clinton likes em big and ugly.
folks, this is the current corrupt political climate this nation has voted into office since bill Lewinsky had his ****. just more of the same, make sure you submit to the ruling class and all will be rewarded for your corruption.
good ole boys club in Washington.
"Like Petraeus, both Spitzer and McGreevey left office amid a sex scandal."
They seem well-qualified to teach courses for, um, boneheads.
The military gets peanuts on retirement compared to senators, congressmen, and federal employees. --------Doesn't that depend upon your rank? Do the military elite commanders and others at the top,
pay anything in toward their retirement benefits? Do they get SS too?
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
More Market News
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'