Current:Home > reviewsUW regents approve raises for 8 chancellors, set up bonuses for retaining freshmen students -WealthMindset
UW regents approve raises for 8 chancellors, set up bonuses for retaining freshmen students
EchoSense View
Date:2025-04-10 15:03:49
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! (13)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Niall Horan Teasing Details About One Direction’s Group Chat Is Simply Perfect
- iCarly Cast Recalls Emily Ratajkowski's Hilarious Cameo
- Taylor Swift Announces Unheard Midnights Vault Track and Karma Remix With Ice Spice
- Don't let hackers fool you with a 'scam
- The Lighting Paradox: Cheaper, Efficient LEDs Save Energy, and People Use More
- An abortion doula pivots after North Carolina's new restrictions
- Trump’s Arctic Oil, Gas Lease Sale Violated Environmental Rules, Lawsuits Claim
- What do we know about the mysterious drones reported flying over New Jersey?
- New report on Justice Samuel Alito's travel with GOP donor draws more scrutiny of Supreme Court ethics
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- SolarCity Aims to Power Nation’s Smaller Businesses
- Economy Would Gain Two Million New Jobs in Low-Carbon Transition, Study Says
- America’s First Offshore Wind Farm to Start Construction This Summer
- Senate begins final push to expand Social Security benefits for millions of people
- Hunter Biden to appear in court in Delaware in July
- How a little more silence in children's lives helps them grow
- Can multivitamins improve memory? A new study shows 'intriguing' results
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
This Sheet Mask Is Just What You Need to Clear Breakouts and Soothe Irritated, Oily Skin
Homelessness rose in the U.S. after pandemic aid dried up
Mama June Reveals What's Next for Alana Honey Boo Boo Thompson After High School Graduation
The Super Bowl could end in a 'three
As Covid-19 Surges, California Farmworkers Are Paying a High Price
'No violins': Michael J. Fox reflects on his career and life with Parkinson's
Trump’s EPA Starts Process for Replacing Clean Power Plan