University Of Michigan's President Pay Hiked To Over $800K

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ANN ARBOR, Mich. (WWJ/AP) - A pay raise for University of Michigan President Mark Schlissel is bumping his salary to more than $800,000 a year.

The school's Board of Regents voted unanimously Thursday to approve a 3.5 percent raise for Schlissel. The pay hike will give him a base salary of nearly $824,000, up from about $795,000.

Regents approved 3 percent raises for Schlissel each of the past two years.

Schlissel became the school's 14th president in 2014 after three years as the provost of Brown University.

The U of M president's boosted salary is still lower than Michigan State University President Lou Anna Simon whose total compensation for 2016 was just over $860,000 reported the Lansing State Journal in July. She ranked sixth among public university presidents on the 2016 list compiled by the Chronicle of Higher Education.