New Kansas State president to receive $500K annual salary

MANHATTAN, Kan. (AP) — The former Joint Chiefs of Staff chairman hired as Kansas State University’s president will receive a $500,000 annual salary.

The Topeka Capital-Journal reports that the Kansas Board of Regents released the letter of appointment Thursday for Gen. Richard Myers. He was promoted last month from interim president, a job he’s held since April.

The Kansas State University Foundation will finance $156,250 of Myers’ yearly salary, a common practice for paying university presidents.

As part of his annual compensation package, the foundation will provide Myers with two university vehicles and a membership to the Manhattan Country Club.

The foundation also will finance Myers’ deferred compensation package. That includes getting $31,250 after his first year of service, progressing to $187,500 if he remains as president for eight years or more.

 

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s