As Gov. John Kasich and the Ohio Board of Regents push for Ohio colleges and universities to forge closer ties with businesses, the Toledo Blade reports on the $1,200-a-day college dropout who runs the school’s commercialization arm, and the university’s ties with his for-profit enterprises:
While the University of Toledo slashed millions from its budget, squeezed more tuition out of students, and increased class sizes, it also was funneling millions into its economic development arm and paying $1,200 a day to [Rick Stansley, Jr.,] the man who manages that agency.
The school’s president tells the Blade Stansley’s salary is appropriate. Stansley says his department’s work has created 35 jobs.
The Toledo Blade also reports that Stansley, who is a former chair of the university’s board of trustees, was paid more than $307,000 last year, but his contract was not approved by the university’s trustees or the board of directors of the university’s commercialization arm.
Last year, now-Board of Regents Chair Vinod Gupta told StateImpact Ohio colleges and universities should work to eliminate needless bureuacy that can stilfle public-private partnerships:
“We have to have a balance” between research and making the most of the taxpayer dollars that fund that research by leveraging it and turning it “into products, and creating jobs for our citizens.”
The high-paying jobs of the future are going to be in the technology sector, Gupta says, “and that is going to come through innovation and research and taking our research to where we have new companies that create new products.”