University of Louisville trustees recommend pay hike, bonus for - WDRB 41 Louisville News

University of Louisville trustees recommend pay hike, bonus for Ramsey following compensation study

Posted: Updated:
James Ramsey James Ramsey

LOUISVILLE, Ky. (WDRB) -- The University of Louisville Board of Trustees' compensation committee voted unanimously Monday to give U of L President James Ramsey a 6 percent pay increase and a 25 percent annual bonus.

The recommendations, which will be taken up by the full board on Friday, immediately the followed the presentation of a university-funded compensation comparison study finding the pay of Ramsey and a handful of other top U of L officials "generally at or above the market" relative to peer schools.

The study by consultants Verisight Inc., which is expected to cost about $23,000, put Ramsey's total pay -- including deferred compensation and annual bonus -- at just over $1.1 million a year.

Ramsey's pay is 60 percent to 80 percent above the median pay for his peers, depending the on the data source, according to the study.

In a disucssion, several trustees chalked Ramsey's pay up to his tenure on the job since 2002 and the progress of the university, such as a doubling of the graduation rate, now over 53 percent.

"We're looking at all-star president -- akin to what is Kobe Bryant getting paid right now or any other superstar in their prime," said trustee Ron Butt.

Copyright 2015 WDRB News. All rights reserved.

Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.