Bonuses Push More Public-College Leaders Past $1 Million
Severance payments, as well as signing and moving bonuses, helped three men earn more than $1 million despite not being employed for the full year at a sole university or system, according to a Chronicle analysis. A total of five presidents and chancellors were paid more than $1 million in the 2015 fiscal year, the most recent for which data are available. In 2014 only two presidents earned north of $1 million. And at the University of Florida, one former president — now senior adviser to the current president — earned $1.475 million for relinquishing his position as a tenured professor and agreeing to a noncompete obligation.