The Regents name Myers KSU president on Nov. 15-photo KSU
MANHATTAN — The former Joint Chiefs of Staff chairman hired as Kansas State University’s president will receive a $500,000 annual salary.
His predecessor Kirk Schulz was paid just over $456,000 his final year at Kansas State.
Washington State University gave Schulz a five-year contract with a base salary of $625,000 per year to leave Manhattan. Schulz also will receive an additional retention incentive of $25,000 per year, according to a social media report.
The Kansas Board of Regents released the letter of appointment Thursday for Gen. Richard Myers. He was promoted last month from interim president, a job he’s held since April.
The Kansas State University Foundation will finance $156,250 of Myers’ yearly salary, a common practice for paying university presidents.
As part of his annual compensation package, the foundation will provide Myers with two university vehicles and a membership to the Manhattan Country Club.
The foundation also will finance Myers’ deferred compensation package. That includes getting $31,250 after his first year of service, progressing to $187,500 if he remains as president for eight years or more.
-The AP contributed to this report.