UNC leader to get $500K sep­a­ra­tion pay­ment

The Charlotte Observer (Sunday) - - Stay Connected - BY JANE STANCILL js­tan­cill@new­sob­server.com Jane Stancill: 919- 829- 4559; @janes­tancill

UNC Pres­i­dent Mar­garet Spellings will re­ceive a $500,000 sep­a­ra­tion pay­ment in a de­par­ture pack­age ap­proved by the UNC Board of Gov­er­nors on Fri­day.

The vote on the pack­age was not unan­i­mous, with sev­eral board mem­bers dis­sent­ing.

Spellings will re­ceive her reg­u­lar salary and a re­tire­ment con­tri­bu­tion of $ 77,500 through March 1. She will also re­ceive re­lo­ca­tion ex­penses of $35,000.

The pres­i­dent said Fri­day she didn’t know ex­actly what she would do next, adding, “Well, I’d like to think I’m young enough to have a few more good licks in me.”

She said she’ll have some breath­ing room to ex­plore other op­por­tu­ni­ties. “I hope it will be in con­tin­ued pub­lic ser­vice,” she said. “I ex­pect it will be back in Texas.”

Spellings will leave on her third an­niver­sary in the pres­i­dency. She started the job in 2016 at an an­nual salary of

$ 775,000. She earned two per­for­mance bonuses — $90,000 last year and $95,000 this year.

Her five-year con­tract was due to run through Fe­bru­ary of 2021.

Ac­cord­ing to a re­port this year in The Chron­i­cle of Higher Ed­u­ca­tion, Spellings was the 13th high­est-earn­ing pub­lic univer­sity pres­i­dent in the United States.

CHUCK LIDDY cliddy@new­sob­server.com

UNC Pres­i­dent Mar­garet Spellings smiles as she greets a well-wisher af­ter the UNC Board of Gov­er­nors meet­ing Fri­day in Chapel Hill. Mem­bers of the board re­leased de­tails of her de­par­ture pack­age af­ter a closed ses­sion. Spellings will re­sign her post on March 1, 2019.

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