COLUMBIA — The president of South Carolina’s flagship university is set to receive a 21 percent raise that boosts his pay to $724,000 a year.
The State newspaper reports that University of South Carolina President Harris Pastides also would receive a $250,000 bonus if he is still at the university in five years.
Pastides now receives $600,000 a year. That includes $265,000 from state funds, $270,000 from the USC Educational Foundation and deferred compensation.
The school’s board of trustees is asking the foundation for another $125,000 to take Pastides’ total compensation to $724,000 a year. The board is scheduled to meet next month.
Pastides is in his fifth year as USC’s leader, a period within which the school has set records for research grants and fundraising and the Gamecocks’ athletics programs have flourished.