Current:Home > reviewsUW regents approve raises for 8 chancellors, set up bonuses for retaining freshmen students -ProsperityStream Academy
UW regents approve raises for 8 chancellors, set up bonuses for retaining freshmen students
View
Date:2025-04-24 20:42:16
MADISON, Wis. (AP) — Universities of Wisconsin leaders approved pay raises Friday for more than half of the system’s chancellors, annual bonuses for chancellors that retain freshmen students and six-figure payouts to UW-Madison Chancellor Jennifer Mnookin every year she stays at the flagship university.
The regents approved the new pay structure on a voice vote. UW system spokesperson Mark Pitsch said the raises are designed to retain top leaders and make Mnookin’s compensation more competitive with peer Big 10 universities.
“Losing talent is much more expensive than rewarding it, and that is how these chancellor compensation packages are structured,” Pitsch said in a statement.
The regents approved basic wage increases totaling $155,201 for eight of the system’s 13 chancellors. Mnookin will get the largest raise at 10%, bumping her salary from $811,512 annually to $892,663.
UW-Green Bay’s Michael Alexander, UW-Platteville’s Tammy Evetovich, UW-Stevens Point’s Thomas Gibson and UW-Whitewater’s Corey King each will get a 5% raise. UW-Parkside’s Lynn Akey, UW-Stout’s Katherine Frank and UW-Superior’s Renee Wachter will each get 2% raises.
UW-Milwaukee’s Mark Mone, who announced he’ll resign next summer, and UW-La Crosse’s James Beeby, who just took over as chancellor this month, didn’t receive raises. Neither did UW-Eau Claire’s James Schmidt, UW-Oshkosh’s Andrew Leavitt and UW-River Falls’ Maria Gallo.
Asked why those chancellors didn’t get raises, Pitsch said in an email that the ones who gor bumps were in line for “catch-up base salary increases.” He didn’t immediately respond to a follow-up email asking him to elaborate.
Also included in the new pay plan are bonuses of up to 15% of their salary for chancellors who hit goals for retaining freshmen into their sophomore year. This year’s goals will be set following the release of enrollment numbers after the first 10 days of the fall semester.
Mnookin won’t be eligible for the retention bonus. Instead, she’ll earn tens of thousands of dollars simply for working at UW-Madison. She’ll get $150,000 if she stays at the school through mid-2025 and $50,000 more each year she stays beyond that, with the plan maxing out at $350,000 in the 2028-2029 fiscal year.
The raises come as the system grapples with financial problems brought on largely by declining enrollment and relatively flat state aid. UW officials have closed or announced plans to close six two-year branch campuses around the state since 2023.
Regents raised tuition by 4% heading into the last academic year after a 10-year freeze on increases. Still, six of the 13 four-year schools are projected to face deficits over the coming academic year and ten faced deficits last year.
Democratic Gov. Tony Evers has said he plans to ask the Legislature for $800 million for the system in his next budget and Pitsch said regents will seek pay raises for all UW employees through that budget. The request will be finalized at the regents’ August meeting.
If Republicans maintain control of both the Assembly and Senate in this fall’s elections, it’s almost certain they won’t give the system that much money, however.
Aides for John Jagler, the Republican chair of the state Senate’s education committee, didn’t immediately respond to an email Monday evening seeking comment on the raises. An email to Steve Knudson, an aide to Dave Murphy, the GOP chair of the Assembly’s universities committee, was met with an automatic response saying he was out of the office until July 22.
Mike Mikalsen, an aide to Republican state Sen. Steve Nass, a longtime UW critic, didn’t immediately respond to a message.
veryGood! (6998)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Quick! Banana Republic Factory’s Extra 40% Sale Won’t Last Long, Score Chic Classics Starting at $11
- Tesla recalls 1.85 million vehicles over hood latch issue that could increase risk of crash
- Tesla recalls 1.85 million vehicles over hood latch issue that could increase risk of crash
- Sonya Massey's father decries possible release of former deputy charged with her death
- Lawsuit against North Carolina officer who shot and killed teen can continue, court says
- Is This TikTok-Viral Lip Liner Stain Worth the Hype? See Why One E! Writer Thinks So
- 3 inmates dead and at least 9 injured in rural Nevada prison ‘altercation,’ officials say
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Look: Snoop Dogg enters pool with Michael Phelps at 2024 Paris Olympics on NBC
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Microsoft’s cloud business powers 10% growth in quarterly profits
- American BMX rider Perris Benegas surges to take silver in Paris
- Stock market today: Asian stocks are higher as Bank of Japan raises benchmark rate
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Baseball's best bullpen? Tanner Scott trade huge for Padres at MLB deadline
- 20 Best Amazon Dresses Under $40 That Shoppers Are Raving About
- Quick! Banana Republic Factory’s Extra 40% Sale Won’t Last Long, Score Chic Classics Starting at $11
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Boar’s Head expands recall to include 7 million more pounds of deli meats tied to listeria outbreak
Norah O’Donnell leaving as anchor of CBS evening newscast after election
City lawyers offer different view about why Chicago police stopped man before fatal shooting
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Two sets of US rowers qualify for finals as lightweight pairs falls off
Barbie launches 'Dream Besties,' dolls that have goals like owning a tech company
Body found of SU student reported missing in July; 3 arrested, including mother of deceased’s child