By Kenneth C.
Rossignol
ST. MARY’S
TODAY
ST. MARY’S
CITY — While St. Mary’s
College of Maryland has the
highest tuition of any state
college or university there
may be a reason; it also has
one of the highest paid
college presidents in the
country.
St. Mary’s
College of Maryland
Foundation, which raises
money from the alumni, the
community and corporate
sponsors of events to
enhance the college and fund
scholarships for students
saves it biggest bucks for
the president of the
college.
A lot of the
funds raised by the
Foundation go to enhance the
financial largess given to
the longtime college
President Jane "Maggie"
O’Brien.
In addition
to O’Brien’s cushy salary
funded by the taxpayers of
Maryland, an ample $329,930,
is another $329,753 from the
Foundation, along with
another $41,282 paid by the
Foundation to her retirement
plan. With her salary, her
"compensation package"
provided by the Foundation
and another $120,000 in
travel expenses provided for
her, O’Brien is one of the
most handsomely rewarded
small college presidents in
America. With a student
population of just under
1,900, the college has fewer
students than the average
high school in Maryland.
With a
disclosed pay, benefits and
travel of approaching
$800,000, it is not hard to
imagine that Maggie has
perhaps another $200,000 in
hidden compensation and
benefits, making her likely
the million dollar momma of
Maryland.
Charles W. Steger, college
president at Virginia Tech
was paid $720,000 and
University of Maryland
President C.D. Mote Jr.
earned $462,313 last year,
according to The Chronicle
of Higher Education report
released last year. Both
institutions have far more
students than are educated
at the lazy little campus on
the St. Mary’s River, where
the largest assembly
students takes place each
year for the nude bicycle
ride through the campus on
May 1st.
Truly, Maggie
has busted the glass ceiling
of pay parity as she has
guided the college forward
on a building expansion
program, making sure that
new buildings are named for
the Governor in office at
the time the construction
funds are approved.
While new
buildings have been named
for William Donald Schaefer
and Parris Glendening, it
won’t be likely that one
will be named for Martin
O’Malley any time soon.
Maggie’s
sudden announcement in
January that she was going
to be winding down her gold
rush days at St. Mary’s
while she sets up a new
castle in England, all the
while maintaining a cash
laden scholarly connection
with St. Mary’s followed by
a few weeks a public lashing
she suffered at the hands of
the Governor.
Gov. O’Malley
called O’Brien on the carpet
for her arrogance in dealing
with St. Mary’s County
residents as she has gone
about the construction of
the infamous boathouse and
Maggie’s Erection, a three
story yacht club, both
planted on the beach of St.
Mary’s River. The college’s
trusteeship of environmental
protection of the St. Mary’s
River proved to be about as
dutiful as local developers
when the Maryland Department
of the Environment cited the
college for violations of
river protections in the
construction and ordered
remedial actions.
O’Brien is
used to massaging Maryland’s
governors since 1995 and
after being called down on
her deportment in
association with the
residents of the area who
had been dogging her over
the boathouse, Maggie
figured out she had about
mined most of the gold that
she was going to and to exit
on her terms, rather than
being shown the door.
Maggie went
bonkers after an article
appeared in ST. MARY’S TODAY
noting the uproar of the
community and that loose
remarks from irate members
of the public about someone
torching the boathouse
carried with it a reminder
that arson was never a good
idea.
That report
set off Maggie’s torch and
she called the riot squad to
come to her non-existent
threat of fire. A tall fence
went up around the
boathouse, complete with
lighting and cameras and
guards. A community meeting
to discuss legal ways to get
rid of the boat house was
held at the Ridge firehouse
and acting at Maggie’s
insistence, Maryland fire
marshals attended the
meeting to monitor any
possible arsonist planning
by the group of mostly
elderly citizens who were
furious over the boathouse
blocking the historic vista
of the St. Mary’s City
shoreline.
Clearly,
Maggie made a fool of
herself and her continued
use of theatrics and staging
of a community focus group
just made the situation
worse. Her plans for a $2
million footbridge for the
helpless and street-crossing
challenged students of the
college to cross from one
side of Rt. 5 to the other
made a further impression on
residents, who with the
support of Senator Roy Dyson
began to demand
accountability on
construction plans at the
college.
In addition
to Maggie, Salvatore M.
Meringolo, the Executive
Director of St. Mary’s
College, gets a fat paycheck
from the Foundation. He
received $196,159 along with
another $40,443 contributed
to his benefit plan in 2007,
according to tax records of
the college foundation.
The college
trustees are a different
group of folks from the
Foundation Trustees.
The college
trustees include Ben Bradlee
of the Washington Post,
Federal Judge Thomas
Penfield Jackson and House
Majority Leader Steny Hoyer.
That group determines
Maggie’s regular paycheck.
The Foundation trustees are
composed of James D. Stone,
John Roberts, Bonnie Green,
Susan Messitte, Robert
Waldschmitt (who sits on
both sets of trustees)
Meringolo (who gets the
nearly $240,000 from this
panel…likely votes with his
eyes closed) Maggie O’Brien
(who surely does the same
thing when its time to
discuss her compensation),
Bluford Putnam, Harry
Weitzel and David Burdette.
The
Foundation did manage to set
aside about $900,000 for
scholarships as it went
about spending $485,694 on
boats for the college.
Another $343,418 was spent
on an art collection as if
donated art for the
college’s many buildings
isn’t enough.
The college’s
River Concert series is one
of the chief activities of
the foundation when they
aren’t buying art or doling
out money to Maggie. The
director of the series does
a masterful job of
conducting the music program
and is compensated $241,364
in addition to his college
salary.
In spite of
the donations, sponsorships
and even a $10,000 donation
made to the River Concert by
the St. Mary’s
Commissioners, who take the
money from the taxpayers of
the county who have no
choice in how the money is
spent; the college managed
to lose $100,516 on the
Governor’s Cup and Concert
Series. The gross receipts
were $433,152 and the
expenses were $533,668 in
2007. Maybe they need to
raise the prices on the
drinking at the Governor’s
Cup where every problem
drinker in the State of
Maryland shows up for the
one price, all inclusive
day-long binge as sailboats
race to St. Mary’s City from
Annapolis.
Like the rest
of the nation, the
Foundation could be in big
trouble when it comes to
their investments. Their
2007 tax returns show that
the Foundation had over
$16,000,000 invested in the
stock market.