Penn State board approves pay hike for university president
Penn State University’s president Eric J. Barron in 2014.
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The president of Penn State is getting a 2.5% salary increase and trustees are making it retroactive to the beginning of July.
The Board of Trustees on Friday voted unanimously to boost Eric Barron’s base pay to $855,000 a year.
He’s been Penn State’s top administrator since 2014.
The Centre Daily Times says that together with an annual retention bonus of $200,000, Barron will be paid more than $1 million.
The board is also approving salary increases for the provost, Nicholas Jones, and a senior vice president, David Gray.