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Bounds' contract shows priorities
Hank Bounds had a tough four-year tenure as president of the University of Nebraska, with tight budgets, free-speech controversies and other issues, resigning the $510,400 position this summer.
Now a $110,000-a-year professor at South Alabama, he never-the-less will apparently play a key role in raising money for the Cornhuskers’ new, $155 million football and operations complex adjoining Memorial Stadium.
The university has hired him for $250,ooo a year to continue raising money for the project.
State Sen. Mike Groene of North Platte says that sort of thing wouldn’t happen in private business, by Regents Chairman Tim Clare says Bounds already knows the project and has great relationships across the state.
The Omaha World-Herald reported that Bounds will be paid with money from private donors for up to three years to help with the fundraising effort.
The state has faced serious fiscal challenges over the past few years, and things won’t be any easier as we deal with low commodity prices, the aftermath of flooding and expanded Medicaid.
Follow the money, whatever the source, however, and you’ll find where our true priorities lie.