RSSNEW UW president declines pay raise
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SEATTLE -- University of Washington President Mark Emmert has decided to forgo a pay raise this year.
"In light of what's going on with the budget and the university's finances, it seemed like a prudent thing to do," Emmert said Thursday.
Universities and community colleges across Washington have been asked to prepare for cuts of as much as 20 percent in state funding over the next two years, because of a projected $5 billion general-fund shortfall.
UW Regent Chairman Craig Cole said regents just finished their annual review of Emmert's performance. They found the president had done an "exceptional" job, but, at Emmert's request, had not considered a pay increase.
Emmert's UW compensation package is $905,000, and comes with free use of the UW mansion. The Chronicle of Higher Education recently ranked him second highest-paid among all public-university presidents.
Emmert also sits on the boards of two local Fortune 500 companies, earning an extra $340,000 annually in cash and stock.
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