The Univ. of Louisville last week selected Korn Ferry to find the school's next AD, and the exec search firm’s base fee of $150,000 "exceeds the second-most expensive proposal by $50,000 and is nearly twice the average bid of the other seven companies that competed for the contract signed on March 1," according to Tim Sullivan of the Louisville COURIER-JOURNAL. Additionally, Korn Ferry will be "paid an administrative service charge of $6,000 and up to $30,000 in expenses." Connecticut-based Academic Keys "submitted the lowest bid" for the job at $35,000. DHR Int'l was one of the other unsuccessful bidders, and DHR Global Managing Partner Jeffrey Cohn "declined comment on his company's unsuccessful $100,000 bid." Korn Ferry Vice Chair Jed Hughes in the company's bid noted the firm's average AD search "spans approximately nine weeks." To meet the Louisville's "accelerated timetable, Hughes outlined a four-week schedule" (Louisville COURIER-JOURNAL, 3/9).
NEPOTISM PROBLEM? In Louisville, Danielle Lerner writes under the header, "Huge Raises For Tom Jurich's Son Show How Louisville Ignored Its Own Rule" (Louisville COURIER-JOURNAL, 3/9).
