The University of Louisville Board of Trustees has recommended a raise and bonus for President James Ramsey. For the past three years Ramsey has declined his bonus because the university was unable to provide staff with raises. This year, faculty and administrators will receive raises between zero and five percent based on merit.
Next month, the foundation will consider whether to approve Ramsey for a five percent raise from a $456,000 salary. It will also consider a 25 percent bonus, which would be around $114,000 paid entirely by the foundation.
In his annual review on Wednesday, some board members said they felt comfortable recommending Ramsey for such a large bonus because he’s denied one the past three years.
If the foundation does approve the bonus he’ll likely donate the money back to the school, he said.