COLUMBUS, Ohio – The Ohio State University's board of trustees approved a contract that will pay President Gordon Gee $2 million in compensation for the coming year and $1.4 million for the past year, which was Gee's first.
NBC 4's Patrick Preston got the bottomline Friday.
The board unanimously approved a 40 percent bonus payment to Gee for meeting or exceeding various goals. The total package includes an enhanced retirement payout of 70 percent of his average salary if Gee stays on until age 73.
Private donations are expected to fund one-third of Gee's compensation.
Board members praised Gee as the best university president in all of higher education, highlighting his vast experience and past achievements.
Trustee Jason Marion voiced concern about CEO compensation but felt OSU would get the right return on its investment in Gee.
In other news, President Gee announced Alan Michaels has accepted the position of Dean of the Moritz College of Law, and Gee announced that Ohio Attorney General Nancy Rogers will return to the law school's faculty.
Stay tuned to NBC 4 and refresh nbc4i.com for the latest news and information.
To send a news tip or submit a story idea, e-mail stories@nbc4i.com.
NBC 4 POLITICS: Headlines, Interactives & Video
MORE: NBC 4 Local News | Local Crime News
NBC 4 SPORTS: Sports News, Video
Email
Facebook
Google
Twitter
Favorites
More
Advertisement