The University of Virginia offered a biocomplexity research professor a 15% pay raise — to $450,000 — plus a rich set of fringe benefits to recruit him from Virginia Tech, according to Freedom of Information Act documents obtained by the Roanoke Times.
Chris Barrett, who was promised $30 million in startup funds, left his job as executive director of the Biocomplexity Institute of Virginia Tech to become the executive director of the Biocomplexity Initiative at UVa. He has persuaded at least seven of his Virginia Tech colleagues to join him in the move from Tech’s Arlington facility to UVa’s Fairfax health center at the Inova Bioinformatics campus.
Reports the Roanoke Times:
Barrett’s offer letter included a number of personal perks, including a $15,000 lump sum for moving expenses and temporary housing, a computer and cell phone, lab and office space including interim space, high performing computer resources and discretionary funds including a long-term rental car for use to travel to and from the Washington D.C., metro area and 10-15 business class trips worth up to $75,000 for the first year of his employment.
Perks were also guaranteed for other employees wishing to join Barrett. … Employees wishing to work for the initiative and Barrett could also be offered $15,000 for moving expenses and an allowance for temporary housing and “accelerated recruitment offer letters with appropriate faculty appointments and rank.”
Last week the University of Virginia Board of Visitors approved drawing $30 million from the university’s billion-dollar Strategic Investment Fund to fund the package.
Outwardly, Virginia Tech has displayed no sign of animosity toward UVa. According to the Roanoke Times: “UVa’s Executive Vice President and Provost Tom Katsouleas told The Daily Progress that he was working with Tech interim Provost Cyril Clarke to navigate the situation. Tech president Tim Sands said in the first week of new UVa President Jim Ryan’s tenure he called the new president to discuss the impending changes at the two universities.”
Bacon’s bottom line: There are at least two prisms through which to view this $30 million deal: (1) the impact on Virginia university efforts to build their R&D programs, and (2) the impact on the cost of attendance at the University of Virginia.
The recruitment of Barrett and other Tech professors undoubtedly represents a coup for UVa. Press reports do not say how much Barrett and his associates generate in research funding, but it must be a substantial sum to warrant a $30 million UVa investment. At the same time, the deal delivers a significant blow to Virginia Tech’s Biocomplexity Institute lab whose 50 tenure-track professors pulled in $103 million in award grants in the first six months of the last fiscal year. Viewed from the perspective of Virginia’s higher-education system, the deal does nothing to enhance the state’s R&D standing: UVa spent $30 million to shuffle Barrett and his research team from one Virginia research institution to another.
Legislators undoubtedly will be asking themselves, does it make sense for Virginia’s leading research institutions to poach superstar faculty from one another? If a Virginia university is going to spend $30 million to recruit a big name, shouldn’t it aim to bring in someone from outside the state?
The transaction also provides insight in how much it costs to play in the R&D big leagues. The annual cost of attendance at the University of Virginia is about $30,000. For what it cost to recruit Barrett and his team, UVa could have offset the full tuition, fees, room, board and other expenses for 1,000 students for a year. (Or, if UVa had put the money into a scholarship endowment, it could pay total expenses for 50 students pretty much forever.)
The Board of Visitors can argue that undergraduate students won’t pay a dime toward the recruitment package, which is being financed by the Strategic Investment Fund — a superfund cobbled together from various working capital sources and reserves and invested at a higher rate of return than was achievable previously. But money is fungible. The Visitors just as easily could have devoted the money toward lower tuition & fees or increased financial aid. Alternatively, if advancing UVa’s institutional prestige was the foremost consideration, they could have used the funds to supplement salaries of humanities and social science professors. A $50,000 salary supplement goes a long way to hiring a nationally renowned professor of history or English.
It will be interesting to see what kind of Return on Investment UVa expects from its $30 million outlay. How much outside grant money will Barrett be able to bring to the university?
From a statewide higher-ed system perspective, the question is this: How much more grant money will Barrett bring in as a result of his new association with UVa and Inova than he would have generated as a Virginia Tech professor? Legislators should dig for answers.