Topics

More

Board Of Trustees Approves 2.5% Salary Increase For Eric Barron

The Penn State Board of Trustees approved a 2.5 percent salary increase based on merit for University President Eric Barron at its meeting Friday. The Board unanimously approved the salary increase after it was recommended by the Committee on Compensation and discussed at the Board’s Friday morning executive session.

Barron’s new base salary will total $855,228 per year — a $20,864 increase, according to a release.

Kathleen Kasey, chair of the Committee on Compensation, said that the increase was recommended after the Board conducted a review of Barron’s performance. Board president Mark Dambly said that further information on Barron’s raise would be released after the meeting.

Barron’s 2018 compensation package, which included an $834,364 base salary, made him the third highest-paid public university leader in the nation, according to the Chronicle of Higher Education. He earned over $1.8 million in 2018 with $1 million in bonuses according to the report.

The Board renewed his contract through 2022 at its May 2018 meeting but did not increase his salary, which has remained static for several years. The contract extension stipulated that Barron would receive an $800,000 completion payment if he remains in the position through 2022. The contract also included a $200,000 annual retention payment, paid each year Barron remained in his position.

The Board also approved salary increases for tier two executives Friday.

Barron addressed rising student debt and Penn State’s efforts to combat it in his reports, and happily reported a $42 million increase in the university’s research expenditures over the past year.

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

Jim Davidson

Jim is a junior English and history major and the features editor for Onward State. He, like most of the Penn State undergraduate population, is from 'just outside Philadelphia,' and grew up in Spring City, Pennsylvania. He covers a variety of Penn State topics, but spends nine months of every year waiting for the start of soccer season. You can reach him via email at [email protected] or follow him on twitter @messijim.

Your Guide To Arts Fest 2024

From entertainment to parking restrictions, we compiled everything you need to know before Arts Fest 2024.

Three Penn State Football Players Ranked In Top 100 Of College Football 25

Abdul Carter, KJ Winston, and Nick Singleton all made the cut.

Your Arts Fest 2024 Performers Playlist

Featuring both returning and new performers for Arts Fest 2024, this playlist has just about everything you can expect to hear this week.

113kFollowers
164kFollowers
59.8kFollowers
4,570Subscribers
Other posts by Jim

To The People & The Place, I Love You, Goodbye: Jim Davidson’s Senior Column

“Although it’s still unclear where my own path, where my own train, is headed, I know that if I could go back and begin the same journey again, I would slow down as I passed through Happy Valley.”

Penn State Women’s Soccer Alum Ellie Jean Signs With Dutch Club PSV Eindhoven

‘You’re Always A Part Of The Program’: Naeher, Krieger, & The Soccer Journey That Began In Happy Valley