Michigan State University trustees raise Simon's salary; cite performance and market position

Contact: Board of Trustees Chairman David Porteous, (231) 218-6898; or Terry Denbow, University Relations, (517) 355-2262, denbow@msu.edu

Dec 08, 2006

EAST LANSING, Mich. —The Board of Trustees of Michigan State University today raised President Lou Anna K. Simon’s annual salary to $495,000, citing her 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 $425,000.

“President Simon’s job performance has been beyond outstanding,” said Board Chairman David Porteous. “This board had very high expectations for Lou Anna when we named her president; she has exceeded those expectations every day since Jan. 1, 2005, when she took office. And the high philanthropic standard she and Roy have set has been crucial to the success of our capital campaign. They lead by example.

“While our decision surely is based on merit, it reflects our commitment that the MSU presidency be recognized with appropriate compensation and market positioning.”

The president and her husband, Dr. Roy Simon, director of telecommunications and transportation systems at MSU, both alumni, announced in October a planned estate gift that, with their prior cash gifts – including their raises last year – elevated them to the Clifton R. Wharton Society. That designation comprises top-level donors who have contributed cash gifts of at least $2.5 million or planned gifts of at least $3.75 million.

Simon said, “I appreciate the board’s confidence and support. Roy and I will continue to give back to MSU.”