The Tribune's Matthew Watkins has a report this morning on ballooning compensation for Texas universities' chancellors and presidents.
He writes, "In the past four years, total pay has grown 70 percent for the leaders of Texas’ six university systems and presidents of those systems’ namesake schools — the University of Texas at Austin, Texas A&M, Texas Tech, the University of North Texas, the University of Houston and Texas State University. In 2012, their average compensation was $565,000. In 2016, it’s $955,000, according to data from the Legislative Budget Board."
Four top-level public university administrators now make in excess of $1 million per year, Watkins reports.
"The growth is uneven, but each of the six university systems is paying its chancellors and flagship university presidents significantly more than in 2012," he writes. "In some cases, turnover can at least partially explain the growth. In others, the administrators simply received big raises."