Sunday, November 1, 2015

University of Illinois president, UIC chancellor to cut compensation perks - Jodi S. Cohen, Chicago Tribune

As perks for administrators are scrutinized, U. of I. officials eliminate some in their contracts In a change that has both symbolic and financial impact, the University of Illinois is on track to remove lucrative perks from the president and chancellor's compensation packages. President Timothy Killeen, who took over in May, would no longer be eligible for a $225,000 retention bonus after five years in the job, according to an item to be presented to a board committee next week and voted on by trustees next month. Also, new University of Illinois at Chicago Chancellor Michael Amiridis will give up a $50,000 annual housing allowance because he has decided to live in a university-owned house near campus.

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