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UT Prez Gets Fat Wad
Regents of the University of Texas System this week approved a hefty salary package for UT Austin's new President, who started his gig at the beginning of this month. All told, Mister William Powers is to receive a whoppin' $525,000 a year in net compensation, which divided by the enormous student body population of roughly 50,000 comes out to just over ten bucks a head. Not too shabby! Furthermore, UT is keen to note that a mere $66,000 of the half-million dollar paycheck derives from state tax coffers -- the bulk of it is to come from alumni and various other charitable contributions. Powers assumed the university's top position after an impressive tenure as the twelth Dean of the UT Austin School of Law.
Check out his first day of work here!
* Photo by Matt Wright
