University Of Michigan’s President Pay Hiked To Over $800K

ANN ARBOR, Mich. (WWJ/AP) – A pay raise for University of Michigan President Mark Schlissel is bumping his salary to more than $800,000 a year.

The school’s Board of Regents voted unanimously Thursday to approve a 3.5 percent raise for Schlissel. The pay hike will give him a base salary of nearly $824,000, up from about $795,000.

Regents approved 3 percent raises for Schlissel each of the past two years.

Schlissel became the school’s 14th president in 2014 after three years as the provost of Brown University.

The U of M president’s boosted salary is still lower than Michigan State University President Lou Anna Simon whose total compensation for 2016 was just over $860,000 reported the Lansing State Journal in July. She ranked sixth among public university presidents on the 2016 list compiled by the Chronicle of Higher Education.

 

(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)

Comments

One Comment

  1. And all of you UM students are paying for EVERY penny of it.

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