University of Florida's new president is set to become the highest-paid of the state's public university presidents, nearly doubling the base salary of most others.
W. Kent Fuchs is coming to UF from Cornell University where he served as provost. He will make about $1,040,000 per year in base salary and an annual deferred payment.
The Gainesville Sun reports that Fuchs' pay dwarfs outgoing president Bernie Machen's $730,000 annual compensation but brings the UF president's earnings in line with other elite universities.
Florida State University's new president, John Thrasher, would be paid about $530,000 in base salary and performance bonuses.
UF wants to become a Top 10 public university in the U.S. Currently it ranks No. 14 on the U.S. News and World Report rankings of best public colleges.
