OSU prez gets a raise
By Terry Murry on Monday, January 22nd, 2024 in Columbia Basin News More Top Stories
CORVALLIS – News release from OSU: The Oregon State University Board of Trustees on Friday approved a presidential compensation adjustment and elected board officers.
The board approved a 6% pay increase for President Jayathi Murthy, increasing her annual compensation to $747,300.
“Especially given the size and complexity of OSU, President Murthy’s performance has been exceptional,” said Kirk Schueler, chair of the board. “Her steady leadership, including navigating the Pac-12 Conference crisis and the launch of the Believe It campaign and OSU’s next strategic plan, demonstrate that we have a remarkable leader at OSU’s helm.”
The board also elected trustees Román Hernández as chair and Maria Chávez-Haroldson as vice chair. They will serve two-year terms starting July 1. They are the first Latino and Latina leaders of the board since it was established in 2014.
Additionally, the board approved a debt resolution that authorizes Oregon State to refinance existing debt that would save the university money. The resolution permits the university to buy back outstanding taxable bonds and replace them with new tax-exempt bonds if the market supports sufficient economic savings by the end of 2024.
