Thursday, May 14, 2015

U. of Texas’ Next President Says $1-Million Salary Is Too High

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.

No comments:

Post a Comment

To eliminate spam comments at restricted to registered users. Additionally, all posts are moderated to further prevent spam and off topic discourse. We strive to post all on topic comments.