Topic: salary increase
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September 12, 2013 at 2:58 PM
Calling his performance “solid,” the University of Washington regents increased President Michael Young’s salary by 4 percent, to $570,000, on Thursday.
The increase means he’ll make an additional $22,000 a year.
Regent Joanne Harrell said Young’s role was especially critical in the last year, when the university received a bump in funding from the state Legislature, allowing the UW to freeze tuition for the next two years.
After Harrell laid out a brief case for increasing Young’s salary, the regents voted unanimously in favor of it, without discussion.
The salary of Young’s predecessor, Mark Emmert, was a sore point for some lawmakers, faculty and students; at one point, Emmert was the second-highest-paid university president in the country.
According to The Chronicle of Higher Education’s annual salary survey, Young was the 12th-highest-paid university president in the country in 2012. That calculation included the money he will make if he stays with the university through 2016, at which point he will collect nearly $1 million in deferred compensation.
It is the first time since he was hired in 2011 that Young has received an increase.
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