Wed June 29, 2011

Former UK President Becomes Professor

When he steps down from his post Thursday, University of Kentucky President Lee T. Todd Jr. will join UK's engineering faculty as a tenured professor with a salary of about $162,000 a year. But first, Todd will take a yearlong unpaid leave of absence. Instead of a salary, he will receive the retention bonus guaranteed in his contract for staying 10 years. It's worth $511,000, his base salary during his last year of work.