Ramsey asks for smaller salary increase

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Associated Press

Posted on July 13, 2013 at 8:01 PM

LOUISVILLE, Ky. (AP) — University of Louisville President James Ramsey has been given a 4 percent raise.

The board of trustees approved the amount Friday along with praise for his leadership.

The board's Compensation Committee had recommended a 6 percent increase, but Ramsey requested the smaller amount, saying it was in line with faculty and staff average increase.

About 45 percent of Ramsey's $600,000 salary last year came from the university and 55 percent from the university foundation, which is privately funded. The foundation board approves its portion of the raise separately but the school said the foundation has historically approved the same percentage as the university.

The trustees also recommended that the foundation pay Ramsey a $150,000 bonus into his retirement account, which is called for under his contract.

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