Pay raise, bonus approved for U of L President James Ramsey - WDRB 41 Louisville News

Pay raise, bonus approved for U of L President James Ramsey

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University of Louisville president James Ramsey University of Louisville president James Ramsey

LOUISVILLE, Ky. (AP) -- University of Louisville President James Ramsey is getting a four percent pay raise and could get a big bonus.  The Board of Trustees approved the raise Friday.

Board members initially recommended a six percent raise, but Ramsey requested the smaller pay hike, saying it was in line with the average salary increase for other faculty and staff.

Ramsey's salary last year was $600,000.  His salary comes from the university and the U of L Foundation.  In addition to the raise, it's recommended he get a $150,000 bonus.

The U of L Foundation will vote on that later this month.

COpyright 2013 The Associated Press.  All rights reserved.

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