class="post-template-default single single-post postid-393221 single-format-standard custom-background group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-6.0.3 vc_responsive"
Outgoing NU President Hank Bounds to get $300K payout | KTIC Radio

Outgoing NU President Hank Bounds to get $300K payout

Outgoing NU President Hank Bounds to get $300K payout

ass< ^Outgoing NU President Hank Bounds to get $300K payout< ^The University of Nebraska Board of Regents has approved a $300,000 payout for outgoing university system president Hank Bounds< ^Eds: APNewsNow.<
LINCOLN, Neb. (AP) _ The University of Nebraska Board of Regents has approved a $300,000 payout for outgoing university system president Hank Bounds.
The Lincoln Journal Star reports that the board approved the contract change Friday, allowing Bounds to collect $300,000 in privately funded deferred compensation when he leaves NU later this summer. Under his original contract, Bounds could only collect the deferred compensation after five years on the job.
Regents said Friday that Bounds’ accomplishments in his 41/2 years at the helm of the University of Nebraska had earned him the payout.
The board said those accomplishments included creating a culture of collaboration among NU’s four campuses, driving record enrollment and raising graduation rates while dealing with a series of budget challenges.
Bounds’ base annual salary at NU is $510,400.

© 2019 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information
Share: