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UNC committee sets salary range for next president

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CHAPEL HILL, N.C. -- A committee searching for the next president of the University of North Carolina system has set a salary range that goes up to $550,000.

The News & Observer of Raleigh reported the committee met Tuesday and settled on a salary range of $495,000 to $550,000 for the person who succeeds retiring President Erskine Bowles. Bowles earns just over $478,000.

One UNC leader says the committee wasn't comfortable offering a higher salary, even though leaders of similar university systems earn more.

The next president will oversee a 16-campus system with a total budget of $7.4 billion. The schools have more than 220,000 students and 47,000 faculty and staff members.

UNC hopes to have a new president by the end of the year.

Information from: The News & Observer

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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