The next president of the UNC system could earn as much as $550,000 annually.
A committee searching for a successor to UNC system President Erskine Bowles settled Tuesday on a salary range of $495,000 to $550,000. In doing so, members acknowledged the delicate task of weighing competitiveness with public perception.
"We've got to be competitive in the marketplace," said John Davis, a member of the UNC system's Board of Governors. "But we can't be ridiculous and over the top."
With this range, the next system president will earn more than Bowles, whose current annual pay is $478,291.
The president's salary will be paid entirely with taxpaper dollars. Even at the high end of the salary range, the next president will likely earn at least slightly less, in total compensation, than peers at universities of similar size and prestige level, said R. William Funk, a consultant aiding university system leaders in the search.
"Folks come into higher education not to become wealthy," Funk told search committee members Tuesday. "But they want to be compensated similar to others doing comparable work."
Read Wednesday's News & Observer for more on this story.
Comments
reduce the deficit
Wed, 05/12/2010 - 16:15 — wzollerposition should be eliminated. bowles did nothing to earn his salary and neither will his successor. the governor should eliminate this position entirely to save 10-20 teaching jobs-the true workers in the unc system!
big pension
Tue, 05/11/2010 - 21:26 — FJ2009this might be a shocker to the N&O but this salary would qualify him for a $100K + pension.
It figures
Tue, 05/11/2010 - 13:49 — krinenAll University departments were told to cut 10% from their budgets, then cut 5-10% more, but the president's position gets an 8% increase? Figures.
Next UNC prez could earn 550K
Tue, 05/11/2010 - 13:38 — igliigliTake it out of Roy Williams' salary.
bull
Tue, 05/11/2010 - 13:19 — tboard47this is nonsence nobody is worth $2000 a day to be an administrator $500,000- its easy to spend other peoples money