In a letter to the University of Minnesota Board of Regents, leaders of two faculty organizations on the Duluth campus call the compensation package of the outgoing system president “excessive” and a “golden parachute.”
University of Minnesota President Eric Kaler announced in July his intention to step down from his position in 2019, saying in a statement that his seven years as president exceeds the national average and the university will benefit from a fresh perspective.
“Quite simply, it is time,” he said, noting he intends to work as president emeritus for one year to continue momentum on the university’s $4 billion “Driven” campaign. The fundraising effort is seeking to raise $1 billion for students, $2 billion for faculty and research, and $1 billion for university initiatives and outreach.