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University presidents' benefits vary in Virginia

Sunday - 2/10/2013, 3:23pm  ET

RICHMOND, Va. (AP) -- Not all university presidents in Virginia receive the same fringe benefits.

The Richmond Times-Dispatch reports that some universities offer presidents incentive or retention bonuses. Other schools don't.

Christopher Newport University President Paul S. Trible's contract includes a yearly bonus if he meets fundraising goals. He's the only president with such a contract provision.

Trible says the bonus comes from funds that are separate from gifts to the university

Some schools also provide presidents with an automobile. Others provide an allowance for presidents to use their own vehicles.

Virginia Tech President Charles W. Steger is the only public four-year school president in Virginia who works without a contract. He says he's never had a contract.

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Information from: Richmond Times-Dispatch, http://www.timesdispatch.com


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