
Heads are shaking all over Rattler Country in response to the fact that Board of Trustees Chairman
Bill Jennings has taken a position on President
James H. Ammons’ bonus that is very different from the one he took on former Interim President
Castell V. Bryant’s.
At the September 23, 2010 board meeting, Jennings confirmed that he planned to meet with Ammons to discuss “restructuring” the bonus clause of the president’s contract. Jennings never asked for any changes in Castell’s bonus clause despite everything she did to nearly run FAMU into the ground.
Jennings negotiates bonus clause for AmmonsJennings negotiated the bonus clause in Ammons’s contract back in 2007. The clause states: “Based upon his achievement of annual goals and objectives…Dr. Ammons shall receive an annual performance bonus. It is intended that said annual performance bonus shall be in the range of 25% to 35% of the annual base salary.”
Ammons’ base salary is $325,000 per year. In 2009, he accepted a 35 percent, or $113,750 bonus. It was based on his achievement of objectives such as restoring clean financial statement audits to FAMU and getting the university off probation with the Southern Association of Colleges and Schools (SACS). Ammons gave 50 percent of his bonus to the FAMU National Alumni Association.
The president accepted a $81,000 or 25 percent bonus in 2010. That bonus came six months after Ammons led FAMU to a ten-year reaffirmation of its SACS accreditation. In voting to award the bonus at the minimum 25 percent level, trustees said the decision was not a criticism of Ammons’ performance but a response to the tough economic situation that FAMU faces.
Jennings stays quiet about Castell's bonusJennings was absent from the board meeting on December 1, 2005 when trustees voted to give Castell a $35,000 bonus and a contract extension of two years. But he never publicly raised any objection to those decisions. On March 2, 2006, Jennings actually made the formal request for trustees to grant Castell a $50,000 raise, which was approved. The pay increase took Castell’s total salary up to $300,000.
The $35,000 bonus and raise $50,000 raise, totaling $85,000, were primarily based on Castell’s claim that she created an $8M surplus in 2004-2005 and straightened out the financial books.