What would you do if your boss came to you and offered to pay you $1,000,000 per year salary? Would you take it?
While nine public university presidents made more than $1 million, incoming University of Texas at Austin President Gregory Fenves didn’t want to be one of them. The school announced last month that Fenves would begin as UT-Austin’s president in June with a base salary of $750,000 a year. What they did not mention was that UT-Austin proposed a $1 million base salary. Fenves wrote back to the university requesting a $750,000 base salary with a 10 percent bonus. He said “$1M is too high for a public university.”