- Associated Press - Monday, July 27, 2015

OXFORD, Ohio (AP) - Miami University is paying an outside consulting firm at least $150,000 to find the school’s next president.

The university’s current president, David Hodge, announced in May he will be stepping down in June of next year after serving as president for ten years.

The Dayton Daily News reports Monday (https://bit.ly/1LNmjkO ) the university will pay Washington, D.C.-based Isaacson, Miller Inc. a third of whatever the incoming president makes in his or her first year at the university, including deferred compensation and bonuses.

Hodge currently makes $432,000, so with an estimated salary of $450,000 for the next president, the fee will be at least $150,000.

The paper says Miami will also be billed for indirect search expenses such as communications, postage and delivery, printing and copying and research expenses.

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Information from: Dayton Daily News, https://www.daytondailynews.com


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