- Associated Press - Saturday, November 7, 2015

COLUMBUS, Ohio (AP) - Ohio State University trustees are giving President Michael Drake a raise.

The board on Friday approved a 2 percent raise, plus a bonus of $200,000, the maximum possible under his contract. The Columbus Dispatch (https://bit.ly/1PsW84G ) reports that when applied to his base salary of $800,000, it will total more than $1 million this year.

Drake says he’ll give the 2 percent raise, which amounts of $16,000, to a charity he has yet to determine.

Trustees in August praised Drake for meeting a number of goals, including establishing a five-year goal of cutting $200 million in costs and raising $200 million in revenue.

The university has a budget this year of a $5.5 billion.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide