Texas Southern University's new president will make just less than $400,000 a year, considerably less than his peers at several other state colleges.
Austin Lane, who most recently was second-in-command at the Lone Star College System in Montgomery County, will make $398,000 his first year, plus benefits. Lane will get an $8,000 raise each year of his three-year contract, TSU Board Chair Derrick Mitchell said.
In an era of skyrocketing executive pay at public colleges, Lane's salary falls in line with the national median but well below some of his peers across the state. The median base salary for public university presidents was $400,000 in 2014, according to the latest data from the Chronicle of Higher Education, which does an annual survey of presidential pay.
The University of Houston, TSU's south Houston neighbor, pays President and Chancellor Renu Khator $700,000 a year. The University of Texas at Austin pays President Gregory Fenves $750,000, though the school offered him $1 million, a figure he said was too high. Texas A&M University pays President Michael K. Young $1 million a year in base salary.
http://www.chron.com/local/educatio...rn-to-pay-new-president-398-000-a-7968599.php
Austin Lane, who most recently was second-in-command at the Lone Star College System in Montgomery County, will make $398,000 his first year, plus benefits. Lane will get an $8,000 raise each year of his three-year contract, TSU Board Chair Derrick Mitchell said.
In an era of skyrocketing executive pay at public colleges, Lane's salary falls in line with the national median but well below some of his peers across the state. The median base salary for public university presidents was $400,000 in 2014, according to the latest data from the Chronicle of Higher Education, which does an annual survey of presidential pay.
The University of Houston, TSU's south Houston neighbor, pays President and Chancellor Renu Khator $700,000 a year. The University of Texas at Austin pays President Gregory Fenves $750,000, though the school offered him $1 million, a figure he said was too high. Texas A&M University pays President Michael K. Young $1 million a year in base salary.
http://www.chron.com/local/educatio...rn-to-pay-new-president-398-000-a-7968599.php