By Danny Mayer
“Organized greed always defeats disorganized democracy.”
On Monday October 25, Bill Shelton, whom the Lexington Herald-Leader described as a “former Michigan educator who is now at the Association of Governing Boards of Universities and Colleges,” informed the University of Kentucky Board of Regents that they should be prepared to pay more for their next president. Less than two months earlier, as a retirement gift to outgoing UK CEO/President Lee Todd, the board had increased his presidential salary at the university nearly $200,000, to an annual salary of $511,000. The regents even backdated payments one year.