Tue May 7, 2013

EKU Presidential Pricetag Climbs 62%

The price for a president is going up at Eastern Kentucky University.  EKU’s new President will earn two-thirds more than its outgoing CEO.

Michael Benson takes over as EKU president in August.
Michael Benson takes over as EKU president in August.

The new president at Eastern Kentucky University will earn 400-thousand dollars a year…a big increase over what Dr. Michael Benson earned at Southern Utah University.  His job there as president  grossed over 281-thousand dollars a year. 

It’s also more than the $250-thousand paid to EKU’s current president, but a hundred thousand dollars less than the annual salary earned by the president at the University of Kentucky.  

President Benson will also receive a housing allowance, a car, deferred compensation and bonuses for longevity and performance.  

The university also announced its new president will make a $50-thousand donation to a new scholarship fund.   EKU is currently reducing its workforce, with early retirements and probable layoffs.  Also, the faculty and staff will go another year without a salary increase.