Most Regents presidents getting pay boost - WMC Action News 5 - Memphis, Tennessee

Most Regents presidents getting pay boost

NASHVILLE, Tenn. (AP) - Presidents of the Board of Regents universities will get healthy pay increases because of changes in the pay scale.

Presidents at Austin Peay, Tennessee Tech, Tennessee State, East Tennessee State and Middle Tennessee State will see increases of at least five percent annually through 2007. President Shirley Raines at the University of Memphis will get an average nine percent more per year through 2007.

Regents officials say when the last pay bump has been made, the Tennessee presidents will still be underpaid by ten percent when salaries at similar schools nationwide are averaged.

Board of Regents Chancellor Charles Manning says the system doesn't want to lose its university heads over salaries.

Raines, at Memphis, is in line to make 260-thousand dollars a year. Memphis is considered the Regents' main research university.

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