University of Texas System Chancellor Francisco Cigarroa has been given a one-time merit award that lifts his annual compensation by $112,500, or 15 percent, to $862,500. The Board of Regents also increased pay for five other system executives, in one case by more than $94,000. The regents kept base pay flat for most presidents of the system’s 15 academic and health campuses for the 2014 budget year, which began Sept. 1. Pay for about half of the dozen or so vice chancellors and other executives of the system also stayed the same. However, all of the campus presidents and most of the system executives could get bonuses when the Board of Regents meets in November. These would be the first such awards under a pay-for-performance plan adopted by the regents in August 2012.
Posted on: Thu, 19 Sep 2013 20:25:26 +0000
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