U-M President Mary Sue Coleman gets 2.75 percent raise, donates it to scholarship
The University of Michigan Board of Regents voted unanimously Thursday afternoon to raise President Mary Sue Coleman’s salary 2.75 percent.
Before the raise, Coleman’s base salary was $570,105. The regents extended her contract to July 2014 last fall and agreed to give her $100,000 per year in deferred compensation, which she will collect upon retirement.
“She has continued to be a leader in higher education,” said Regent S. Martin Taylor. “All of us wish we could do more but we have to look at the state,” he said, an apparent reference to Michigan's budget woes.
Coleman thanked the board for the increase.
“I am deeply grateful. None of this happens without the tremendous team that I’ve got,” she said. “I’ve never had such a great team. It’s wonderful.”
Coleman's contact also provides her with:
- a $100,000 retention bonus
- $24,500 in retirement pay
- $30,850 in supplemental retirement pay
- A house and car