Michigan State University trustees raise Simon’s salary 5 percent; cite performance assessment

Contact: Board of Trustees Vice Chairperson Melanie Foster, (517) 204-8052; or Terry Denbow, University Relations, (517) 355-2262, cell (517) 927-5821, denbow@msu.edu 

Dec 07, 2007

EAST LANSING, Mich. — The Board of Trustees of Michigan State University today raised President Lou Anna K. Simon’s annual salary 5 percent to $520,000, citing her exemplary performance and the board’s goal that the MSU president’s total compensation be at least in the mid-range of Big Ten CEOs. Her current salary is $495,000.

“Our action reflects the board’s unanimous support of and deep appreciation for President Simon’s nationally recognized leadership and stewardship,” said Joel I. Ferguson, chairman of the MSU Board of Trustees.

“As we thoroughly assessed her performance related to specific criteria, our pride and confidence, already high, grew,” Ferguson said. “She has a special ability to articulate and execute a strategic vision for Michigan State, and she has the management skill to achieve results. We could not be more pleased.”  

The salary will be retroactive to Oct. 1, 2007. Also, the university will fund a personal long-term care policy for Simon and her spouse according to terms acceptable to the president and the chairman of the Board of Trustees.

The president and her husband, Dr. Roy J. Simon, director of telecommunication and transportation systems at MSU, are members of the Clifton R. Wharton Society, which recognizes top-level donors who have contributed cash gifts of at least $2.5 million or planned gifts of at least $3.75 million to the university. They are continuing their pattern of giving.

“The board’s support throughout the year, not just with this action, is gratifying,” President Simon said. “High expectations of me and by me, whether in a capital campaign, raising our academic profile, expanding our international presence, or many other areas of strategic emphasis assure that MSU will maintain the leadership momentum to create the model land-grant university for this century.”