The Chronicle of Higher Education
May 14th, 2015
Gregory L. Fenves, soon to be president of the University of Texas at
Austin, turned down a $1-million salary because he feared it would
hinder his ability to work with the Legislature and would be seen
negatively by students and faculty members, the Austin American-Statesman reports.
Mr. Fenves, who was chosen last month to take over the flagship
campus, said in emails obtained by the newspaper that a $1-million
salary was “too high for a public university,” and that it might prompt
“widespread negative attention from students and faculty given the
difficult budgetary constraints of the past five years.”
He asked instead for a salary of $750,000 and requested that an annual bonus be capped at 10 percent of his base salary.