UT regents award executives hefty bonuses — six figures, for some
By Ralph K.M. Haurwitz, Austin American-Statesman
Compensation this year for some senior University of Texas System officials and presidents of UT campuses grew by six-figure amounts and double-digit percentages over last year’s pay, thanks mainly to bonuses, records show.
The UT System Board of Regents approved the increases at a Feb. 11 meeting in Galveston and at a previous meeting in Austin, but a full accounting of the figures wasn’t provided to the American-Statesman until this week. The bonuses, also known as incentive payments, are intended to reflect progress in meeting annual and three-year performance goals for graduation rates, fundraising and other metrics. The UT board adopted the bonus plan in 2012 as part of its effort to infuse higher education management with a business-oriented flavor, a philosophy that has received mixed reviews.