UW Regents Approve Raises For 8 Chancellors, Set Up Bonuses For Retaining Freshmen Students

CBS Minnesota

July 9, 2024

Universities of Wisconsin leaders approved pay raises Monday for more than half of the system's chancellors, annual bonuses for chancellors that retain freshmen students and six-figure payouts to UW-Madison Chancellor Jennifer Mnookin every year she stays at the flagship university.

The regents approved the new pay structure on a voice vote. UW system spokesperson Mark Pitsch said the raises are designed to retain top leaders and make Mnookin's compensation more competitive with peer Big 10 universities.

"Losing talent is much more expensive than rewarding it, and that is how these chancellor compensation packages are structured," Pitsch said in a statement.

CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.