Why do Michigan investment office people not spend more money to hire top talent?

<p>Excerpt</p>

<p>"Ohio State made seven of its employees millionaires last year — and that’s just from bonuses.</p>

<p>Seven OSU employees received bonuses of more than $1 million in 2011. Additionally, 25 employees were paid bonuses of $100,000 or more, according to payroll records.</p>

<p>The university handed out 4,028 bonuses in 2011, more than double the 1,693 given in 2010."</p>

<p>Source: [OSU</a> dishes out millions to employees in bonuses - Campus - The Lantern - Ohio State University](<a href=“http://www.thelantern.com/campus/osu-dishes-out-millions-to-employees-in-bonuses-1.2837837]OSU”>http://www.thelantern.com/campus/osu-dishes-out-millions-to-employees-in-bonuses-1.2837837)</p>

<p>“I have never seen anything like this – never,” said Richard Vedder, professor of economics at Ohio University and director of the Center for College Affordability and Productivity.</p>

<p>Mr. Vedder said the scale of bonuses given at OSU “is not the norm in higher education.”</p>

<p>Source: [OSU</a> paid out $25.6 million in bonuses in 2011 - Toledo Blade](<a href=“OSU paid out $25.6 million in bonuses in 2011 | The Blade”>OSU paid out $25.6 million in bonuses in 2011 | The Blade)</p>

<p>*Just for references and comparison, don’t mean to spam Michigan board. Not sure if this is the right way to go for the university (overpaying the employees, or as Gee said, “offering competitive salary, in order to attract and retain the best.”), but it has been the norm since Gordon Gee’s return to tOSU. - Sparkeye7 Out.</p>

<p>"I was just pointing out the irony of an OSU grad allocating U of M endowment money. Geez… "
Now, you’re just backpedaling after everyone made you look like a pretentious prick. If you were really just pointing out the irony, then you would not have needed to mention Wisconsin nor Harvard since those are irrelevant to the irony.</p>