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Saturday, Oct. 6, 2012 5:50 PM
Updated 9:54 PM

University of South Carolina president Harris Pastides to receive 21 percent pay raise

Associated Press
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Latest by etlinks 4 years 2 weeks ago


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.