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USC president's pay nears $1 million per year - Live5News.com | Charleston, SC | News, Weather, Sports

USC president's pay nears $1 million per year

Photo Source: AP Photo Source: AP
COLUMBIA, SC (AP) -

The president of the University of South Carolina will make just under $1 million for this school year under a pay package that was just approved.
    
The State newspaper in Columbia reports (http://goo.gl/ueWqxj ) that the university's board of trustees approved the pay on Friday. Pastides will make a taxpayer-funded salary of nearly $313,000. He will also earn supplemental compensation of about $604,000 from privately raised funds from the USC Foundation.
    
His future compensation would rise above $1 million if he stays at the school past 2017.
    
Gene Warr, chairman of the trustees, said Pastides has had a successful eight years at the school. He says Pastides is a bargain considering that he oversees the flagship campus as well as a statewide system.

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