By Patricia Alex, Staff Writer. The Record.
With a compensation package that could top $747,000, Rutgers University’s new president, Robert Barchi, would make almost $200,000 more than his predecessor, but still less than most leaders of public research universities of similar size.
Barchi, who became president this month, will receive $650,000 in base salary and is eligible for a bonus of $97,500; |he also gets a house, car and other perks, according to a letter of agreement obtained by The Record under the state’s Open |Public Records Act.
The previous president, Richard McCormick, earned $550,000 but was eligible for $100,000 bonuses every year. He refused to accept the bonuses, citing the serious cuts in state aid to the university during the last decade.
Rutgers officials said they were lucky to get Barchi and noted that his new salary is significantly less than the $1.4 million he commanded at Thomas Jefferson University, a private health sciences school in Philadelphia.