Hogan’s Pay to be $285,000 on U of I Faculty

CHAMPAIGN, Ill. (AP) — Outgoing University of Illinois President Michael Hogan would be paid $285,000 a year when he moves to a faculty position under an agreement expected to be approved by school trustees.

Hogan announced his resignation Thursday amid increasing tensions with faculty over his leadership. Trustees meeting Friday are expected to accept his resignation effective July 1 and approve the pay deal.

Hogan was paid $620,000 a year as president and has more than three years left on his contract. Under the terms of the agreement, he would forego all but $67,500 of the money from that contract.

Hogan will be replaced by longtime university administrator Robert Easter. Trustees are expected to sign off on a $450,000-a-year contract for Easter. He has said he’ll work for two years.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

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

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

More From CBS St. Louis

KMOX Podcasts
As Heard On KMOX

Listen Live