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New College trustees approve $200,000 incentive payment for President Corcoran
Summary
The New College of Florida Board of Trustees voted unanimously to approve the committee recommendation to award President Richard Corcoran a $200,000 annual incentive payment, following a committee review of eight performance areas and limited public comment urging broader input.
Sarasota, Fla. — The New College of Florida Board of Trustees voted unanimously to award President Richard Corcoran the full $200,000 annual incentive compensation payment recommended by the presidential evaluation committee.
The standing presidential-evaluation committee, chaired by Board Chair Jenks and including Vice Chair Cristaldi and several trustees, reviewed the president's progress across eight contract metrics and recommended the full award. Vice Chair Vincent Cristaldi told the board the committee “found that the president met and in many cases exceeded each of those goals” and recommended the $200,000 bonus consistent with the employment contract.
The recommendation followed public comment from alumni and community members who urged trustees to apply rigorous review standards and to solicit more input from faculty, staff and students. Ginger Lyon, who identified herself as a New College alumna, told trustees that alumni want “detailed and meaningful presidential evaluation” and that a candid approach was needed.
Trustee Donald Patterson moved to approve the committee recommendation on the board floor, and Trustee Karp formally brought the committee motion forward. Trustees conducted a roll-call vote; every trustee present voted yes and the motion carried. Chair Jenks said the approval will be forwarded to the Florida Board of Governors as required by Board of Governors regulation.
Board discussion before the vote included questions about whether faculty evaluations had been reviewed by the committee. Trustee McDonald asked whether the faculty evaluation had been considered; Vice Chair Cristaldi and other committee members said they were aware of the faculty survey and that some committee members had read and factored it into their review, though not all committee members reported receiving the raw survey materials before deliberations.
The committee told trustees it had reviewed the president’s work on fundraising, campus life improvements, the master plan, campus safety and security, faculty engagement and hiring, enrollment goals (including a targeted 1,200-student enrollment by the fifth year), academic program enrichment and second-year retention metrics.
The board recorded the motion and unanimous roll call; the materials will be sent to the Board of Governors for review per Board of Governors regulation 1.001.
