The Board of Regents approved raises for each of the three state university presidents Thursday. Iowa State University president Steven Leath received a $33,000 raise. Leath’s increase of more than seven-percent moves his salary to $500,000.
He was also given a 5-year contract and is eligible for tenure and deferred compensation of $500,000 if he stays until 2019. Leath took over in Ames in January of 2012 and the school has seen record enrollment.
The Regents approved a 2.5 percent increase in salary for University of Iowa president Sally Mason, and UNI president Bill Ruud. Mason was making $513,000 and Ruud $340,000. Both also will continue to receive deferred compensation packages.
Mason and Leath each received a 4 percent raise last year. Ruud did not get a raise at that time since he had just started in the job at UNI.