In the news:
UW president earns $22,000 raise for ‘solid’ performance
University of Washington President Michael Young received a 4 percent salary increase Thursday, bringing his annual salary to $570,000.
Seattle Times higher education reporter
Calling his performance “solid,” the University of Washington regents increased President Michael Young’s salary by 4 percent, to $570,000, on Thursday.
The increase means he’ll make an additional $22,000 a year.
Faculty and administrators are also receiving a 4 percent salary boost for the academic year that started Sept. 1, an amount authorized by the Legislature.
Young’s raise is “consistent with what’s being done” across campus, said Regent Joanne Harrell.
She said the regents went through a rigorous review of Young’s record. “Solid is a good word,” Harrell said. “What solid means is, when you look across the board, the university’s performance is solid.”
She said Young’s role was especially important in the last year, when the university received a bump in funding from the Legislature, allowing it to freeze tuition for the next two years.
After Harrell laid out a brief case for increasing Young’s salary, the regents voted unanimously in favor of it, without discussion.
The salary of Young’s predecessor, Mark Emmert, was a sore point for some lawmakers, faculty and students. At one point, Emmert was the second-highest-paid university president in the country, making more than $900,000.
According to The Chronicle of Higher Education’s annual salary survey, Young was the 12th-highest-paid university president in the country in 2012. The Chronicle calculated Young made $768,500, which included the money he will make if he stays with the university through 2016, at which point he will collect nearly $1 million in deferred compensation.
It is the first time since he was hired in 2011 that Young has received an increase.
Faculty and administrators had not received salary increases for four years — a freeze that was the result of several years of budget cuts during the economic downturn.
Katherine Long: 206-464-2219 or firstname.lastname@example.org. On Twitter @katherinelong.