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Article: ODU GIVES PRESIDENT HEFTY RAISE BOARD OKS INCREASE OF NEARLY 26 PERCENT.(LOCAL)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- October 5, 1999
- Author:
CopyrightCOPYRIGHT 1999 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: LORRAINE EATON, STAFF WRITER
NORFOLK -- Old Dominion University's Board of Visitors on Monday gave President James V. Koch a whopping raise: 25.7 percent.
The raise brings Koch's base salary to $240,583. It also includes a one-time bonus of $9,583, bringing the total compensation to $250,166. Rector Edward L. Hamm Jr. said there was no change in Koch's already established deferred compensation package, funds that Koch will receive upon leaving office. That account will grow by $50,000 this year.
The board characterized Koch's performance as ``exceptional.''
``Performance and parity were the two things that drove the ...