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U of I President Gets Bonus
URBANA, Ill. (AP) -- The University of Illinois giving President Bob Easter a $90,000 bonus and a pay raise.
University trustees approved the bonus and raise for Easter at their regular board meeting Thursday in Urbana.
The bonus is part of a new incentive-based compensation plan for Easter.
The bonus was based on the three-campus university system reaching set goals for cost reduction, enrollment and other factors under Easter.
Easter's base pay will increase 2.75 percent to $462,375. Most university employees are getting 2.75 percent raises.
Trustees Chairman Christopher Kennedy said the board is pleased with Easter.
Easter became president in 2012. His predecessor, Michael Hogan, was paid $651,000 a year.