TALLAHASSEE | With Florida State College shifting nearer to turning into a prime-25 public college, the varsity’s trustees bumped President John Thrasher’s wage by 7 % and awarded him a $200,000 bonus.
Mixed with a 1.four % increase given to all school, Thrasher’s annual compensation package deal will improve from about $519,000 to $563,000, with the bonus paid on prime of that.
The trustees additionally prolonged Thrasher’s 5-yr contract, which he accepted when he took over the varsity in 2014, for an additional yr and elevated his retention bonus to $four hundred,000, which he’ll obtain if he stays for the complete six years. The prior retention bonus was $225,000.
The contract extension have to be ratified by the state Board of Governors, which oversees the college system.
Ed Burr, chairman of the FSU Board of Trustees, stated Thrasher, a former Home speaker, has achieved an impressive job main the varsity, which has about forty two,000 college students. He famous FSU has risen 10 spots within the U.S. Information & World Report public college rankings during the last two years, reaching No. 33 within the newest survey, simply outdoors the highest-25 objective.
Burr additionally stated Thrasher has not solely been a robust advocate for FSU’s pursuits however has drawn reward from college system leaders for advancing causes to assist your complete system.
Thrasher stated he was humbled by the board’s motion.
“I be ok with the place we’re going,” he stated. “The highest 25 isn’t just a quantity, it’s a worth assertion.”
Thrasher stated one in every of his objectives as a lawmaker was selling laws to designate excessive-attaining faculties as “pre-eminent” universities, which might additionally present them with extra money. FSU and the College of Florida have reached that degree, whereas the College of South Florida is predicted to hitch them this yr.
Thrasher stated he was “proud” of the achievements of the opposite faculties, together with UF’s rise to the highest 10, for the primary time, within the U.S. Information & World Report public-college rankings. He stated a prime-performing college system helps all the state.
“It’s going to be a worth to the state,” Thrasher stated. “It’s tells companies which are going to maneuver right here that we’ve received an informed workforce.”
Enhancements at FSU and the opposite faculties have been aided by vital state funding will increase.
“I give the Legislature a number of credit score for the investments they’ve made in larger schooling,” Thrasher…