U of I Gives President Bonus, Raise - NBC Chicago

U of I Gives President Bonus, Raise

Bob Easter earns less than his successor, Michael Hogan

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    The University of Illinois giving President Bob Easter a $90,000 bonus and a pay raise.

    University trustees approved the bonus and raise for Easter at their regular board meeting Thursday in Urbana.

    The bonus is part of a new incentive-based compensation plan for Easter. The bonus was based on the three-campus university system reaching set goals for cost reduction, enrollment and other factors under Easter.

    Easter's base pay will increase 2.75 percent to $462,375. Most university employees are getting 2.75 percent raises.

    Trustees Chairman Christopher Kennedy said the board is pleased with Easter.

    Easter became president in 2012. His predecessor, Michael Hogan, was paid $651,000 a year.