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The University of Nebraska Board of Regents finalized the hiring of Ted Carter to become the next president of the University of Nebraska.
Carter, the former superintendent of the U.S. Naval Academy, was approved on a 7-1 vote, with Regent Elizabeth O'Connor of Omaha the lone dissenting vote.
The 60-year-old Carter will become president-elect on Dec. 16 and will assume the university system presidency on Jan. 1.
He will be paid a base salary of $934,600 -- more than 70% more in base pay than his predecessor, Hank Bounds -- and will be eligible for a 15% performance bonus each year. If he meets standards set by the Board of Regents, Carter could see an additional $140,000 in 2020. He will also receive a deferred compensation package equal to 11.5% of his base salary, and can begin receiving that money -- a little more than $107,000 annually -- at the end of three years of service.
His total compensation, drawn from a combination of state appropriations, tuition revenue and private donations, will near $1.2 million, making him among the highest-paid public university administrators in the country.
Carter will also be provided a home owned by the NU Foundation near Firethorn Golf Club and a country club membership of his choosing.
The University of Nebraska Board of Regents finalized the hiring of Ted Carter to become the next president of the University of Nebraska.
Carter, the former superintendent of the U.S. Naval Academy, was approved on a 7-1 vote, with Regent Elizabeth O'Connor of Omaha the lone dissenting vote.
The 60-year-old Carter will become president-elect on Dec. 16 and will assume the university system presidency on Jan. 1.
He will be paid a base salary of $934,600 -- more than 70% more in base pay than his predecessor, Hank Bounds -- and will be eligible for a 15% performance bonus each year. If he meets standards set by the Board of Regents, Carter could see an additional $140,000 in 2020. He will also receive a deferred compensation package equal to 11.5% of his base salary, and can begin receiving that money -- a little more than $107,000 annually -- at the end of three years of service.
His total compensation, drawn from a combination of state appropriations, tuition revenue and private donations, will near $1.2 million, making him among the highest-paid public university administrators in the country.
Carter will also be provided a home owned by the NU Foundation near Firethorn Golf Club and a country club membership of his choosing.
