Florida’s University System Approves Ben Sasse’s $1 Million Salary
“would automatically increase by 4 percent annually if the University of Florida meets certain goals determined by the president and board of trustees”
Sasse was recently hired to be the new president of the University of Florida.
Politico reports:
Florida university leaders approve $1M salary for Sasse
The Board of Governors over Florida’s university system on Wednesday confirmed the hiring of Ben Sasse as the new University of Florida president, marking the final stamp of approval needed for the Republican Senator from Nebraska.
Meeting at the University of South Florida, board members unanimously signed off on a five-year contract for Sasse at the school, which will pay him an annual base salary of $1 million with incentives that could ultimately boost his compensation. Sasse, who was hired by UF trustees Nov. 1 amid student protests, is set to begin his leadership role Feb. 6.
“We aspire for Gainesville to be the center of a revolution in higher education in America,” Sasse said Wednesday. “And we want our graduates to go out and change the world.”
Sasse’s $1 million salary would automatically increase by 4 percent annually if the University of Florida meets certain goals determined by the president and board of trustees, according to the contract. Sasse is also in line for a possible yearly performance bonus worth up to 15 percent of his salary, and contributions to his retirement plan that are also leveled at 15 percent of salary.
UF’s decision to choose Sasse, a conservative politician, as president stirred loud opposition from students who argued the senator lacked experience to run the research university. The University of Florida is the state’s flagship school and is ranked as a top 5 school by U.S. News & World Report, a point of pride among policymakers and leaders.
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Comments
4% automatic annual increase when inflation is running 8% or more? Poor negotiating on Sasse’s part, but he’s a RINO so that’s to be expected.
This is a bit of a low salary for a university this size. I don’t know if that’s just the base or what.
Also, it pays to be a big earner in Florida where there is no state income tax. I doubt inflation will be much of a worry for a 7 figure earner.
The important compensation rule that is universally applied is that the President’s salary must be less than that of the Head Football Coach.
I keep getting told that civil servants are underpaid.