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New TBR compensation plan could mean a raise for Hoppe

The Leaf-Chronicles March 2 headline said it all: TBR wants to reward university presidents.

The Tennessee Board of Regents Compensation Committee is reviewing a performance pay plan that would award raises of up to 10 percent to university and community college presidents whose schools succeed in retaining students, raising graduation rates, meeting school goals, sticking to their budgets and fundraising.
The Leaf-Chronicle's March 2 headline said it all: “TBR wants to reward university presidents.”

The Tennessee Board of Regents Compensation Committee is reviewing a performance pay plan that would award raises of up to 10 percent to university and community college presidents whose schools succeed in retaining students, raising graduation rates, meeting school goals, sticking to their budgets and fundraising.

According to the article by Amy Ritchart, “presidents would earn a base salary set at 90 percent of the market median salary” but be able to earn “thousands of additional dollars in the form of a yearly bonus.”

The plan could be voted on as early as the TBR's June meeting.