The Associated Press
INDIANAPOLIS - The new Indiana University president could command a salary nearly twice what former President Myles Brand earned, but trustees say they do not expect the final numbers to surpass the salaries of other Big Ten university presidents.
IU's 17-member search committee is considering nearly 200 candidates to replace Brand, who left last month to become president of the National Collegiate Athletic Association in Indianapolis.
The board of trustees, which hopes to name a new president by June, has not started talking about salaries yet. But an executive with the search firm hired by trustees said it could take $600,000 to $800,000 to find the right match.
Brand made $392,660 before leaving, which includes $307,660 in salary and $85,000 in deferred compensation for retirement he can get at age 65.
Trustee Stephen Ferguson, search committee chairman, anticipates paying the next president more than Brand. But he said he does not expect it to be outside the Big Ten's presidential pay range of $281,875 to $677,500.
TOP LOCAL STORIES
Soldier killed in training
Stadium rubble disappearing quickly
Snow emergency call may be dumped locally
Making it on the outside: Part 2
PETER BRONSON COLUMN
Lessons from a boy's life
Two teens shot outside school
Dozens of Phish fans arrested
West End council waits impatiently
6th grade focus in Finneytown
Scientific whodunits win award
AROUND THE TRISTATE
Asset forfeiture improved by Web sales
Ohio Military Reserve needs a few good recruits
Tristate A.M. Report
Good News: All come for birthday, library says
You Asked for It
Nightclub draws controversy
Juvenile centers hit by tax cuts
Ohio Moments: Payne was first black college leader in U.S.
Group seeks registry for 'domestic partners'
Jockeys overcome hurdles
700-home project nears vote
Cities protest plan to take $5M in fines
UK student admits voter card foul-up
New IU president may cost more