Chancellor Woodson gets raise. Wolfpackers get to keep a gem.

Link to “NCSU leader gets 14.6 percent raise, one-time bonus and retirement plan”

I couldn’t be more happy about this. We couldn’t have gotten luckier when we landed Dr. Woodson.

Randy Woodson is getting the premium treatment to stay on as chancellor at N.C. State University.

Woodson, who was reportedly a front-runner for the University of Florida presidency recently, received a $63,000 raise Friday. His annual salary rose to $495,000 after a closed door vote by the UNC Board of Governors.

He will also receive a one-time “retention payment” of $112,630 in non-state funds by March 31, to be paid by N.C. State University. The source of those funds is yet to be determined, UNC system spokeswoman Joni Worthington said in an email.

Finally, the UNC system board authorized the university to create a retirement savings plan for annual contributions equal to 10 percent of his salary – nearly $50,000 –starting this year. The deferred compensation is contingent on the availability of non-state funds at NCSU and on Woodson remaining chancellor at NCSU through Dec. 31, 2015.

The University of Florida this week abruptly suspended its search when longtime president Bernie Machen agreed to postpone his retirement. The Chronicle of Higher Education reported that Woodson had been widely considered to be a front-runner among about 70 that were nominated.

‘Jobs all over’

On Thursday, Woodson said there were a lot of universities looking for presidents and that he talks to people all the time. “There are jobs all over this country,” he said.

Woodson said he never applied for the Florida job and was not a candidate – at least formally. He repeatedly said he was “thrilled to be at N.C. State.”

The information on Friday’s action was not initially released. Just after the meeting, Board of Governors Chairman Peter Hans declined to talk about the compensation plan, saying it was a personnel matter.

The university later released the information at the request of The News & Observer.

Hans did say that competitive compensation was an important issue for UNC leaders.

“Good chancellors pay for themselves,” he said. “The ones that aren’t as good cost a whole lot more. We’ve got to be able to recruit and retain our best leaders.”

In recent years, the UNC system has not allowed campuses to pay their chancellors supplements from private funds.

In the past, there had been concern that some campuses did not have the ability to raise money for bonuses and deferred compensation.

Across the nation, salary supplements have led to situations in which university presidents were beholden to alumni foundations and campus boosters.

‘Extraordinarily successful’

Worthington said the package was put together to retain Woodson, who “has been extraordinarily successful at NC State and has been pursued by other institutions.”

She said the $495,000 salary was “slightly above the established minimum” of the salary range of peer universities nationally, which is $492,800 to $616,000.

The decision was made on the recommendation of President Tom Ross and a Board of Governors committee, Worthington said, “with the strong endorsement of the NC State Board of Trustees.”

Woodson’s new salary makes him the highest paid chancellor of a public university in North Carolina.

The higher salary and privately funded supplements for Woodson are likely to set off a push for similar raises and benefits for other chancellors. UNC-Chapel Hill leaders, now searching for a successor to Holden Thorp, will undoubtedly argue for a comparable compensation package. Thorp, who is leaving at the end of the academic year, makes $432,600.

Woodson’s raise pushes his pay closer to that of Ross, whose salary is $525,000.

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15 Responses to Chancellor Woodson gets raise. Wolfpackers get to keep a gem.

  1. Paramarine 01/17/2013 at 10:52 PM #

    He deserves it. After all, he’s leading a renaissance in Raleigh!

  2. Packstrength90 01/17/2013 at 11:11 PM #

    Worth every penny and more. He has drastically improved academics, research and athletics. Oblinger was the worst Chancellor I can remember and I was at NCSU when Montieth was there.

    Dr. Woodson transformed the campus from a self serving good ol boy network to a results based institution. He understands how academics and athletics are synergistic in drawing top notch students to the university.

    Thank you Dr. Woodson for your leadership and giving your loyal base of alumni something to be proud of again. While the values of our degrees are increasing every day, Thorp and the UNCCH cronies have brought the value of a blue degree to all time lows. People can’t drive past Chapel Hill with their windows down without going home with a UNCCH degree.

    PS. Please change the color of the text screen. I’m getting nauseated typing in here….

  3. Packstrength90 01/17/2013 at 11:14 PM #

    Most of all – Thank You for getting rid of Coach Fowler and hiring Debbie Yow. What a change in work ethic and leadership.

  4. graywolf 01/18/2013 at 8:45 AM #

    The Woodson/Yow combo is just what the Doctor ordered for N C State and its alumni. I am grateful for their leadership which will lead us to being the choice of schools in “Our State”.

  5. ADVENTUROO 01/18/2013 at 9:59 AM #

    I realize that this is a little afield of the main topic, but I happened upon this and figured it would be of interest…I will gladly provide SFN with the info.

    First, Dr. Woodson and Debbie Yow are two of the best things that have happened to NCSU. And that is NOT from a sports perspective. Dr. Woodson has brought leadership to the University and hopefully, we will get away from the cronism that plagued us with the unfortunate Easley mess.

    NOW, I happened upon this article… is FASCINATING….

    I also did an Exel Table that I hope will format OK….It looks a little funky….but if you follow the columns, it is fascinating reading. UNC-CH is 74% ABOVE the Average $$/Degree Conferred. NCSU is 11% below.

    The State of NC spends almost TWICE as much on a UNC Degree($115376) than they do for a STATE Degree ($59,408)

    UNC System – Spending per Institution
    Rank Institution $$/Deg 5 Yr Ch % +/- AVG Num Deg 5 Yr Ch
    1 UNC School of the Arts $115,840 -7.4% 74.1% 300 3.4%
    2 UNC – Chapel Hill $115,376 -6.8% 73.4% 7630 6.4%
    3 Elizabeth City State $114,652 12.7% 72.3% 429 4.4%
    4 NC Central $82,547 -7.9% 24.1% 1521 9.8%
    5 NC A&T State $78,160 1.0% 17.5% 1665 1.5%
    6 UNC – Asheville $66,898 9.3% 0.5% 723 1.0%
    AVG UNC – AVERAGE $66,542 -12.1% 0.0% 49447 17.5%
    8 Winston-Salem State $61,797 -29.6% -7.1% 1472 -47.5%
    9 UNC – Pembroke $61,475 -26.8% -7.6% 1119 29.2%
    10 East Carolina $61,024 -12.9% -8.3% 6009 20.5%
    11 North Carolina State $59,408 -13.8% -10.7% 8347 26.9%
    12 Fayetteville State $59,370 -22.6% -10.8% 1151 21.4%
    13 UNC – Greensboro $55,593 -9.2% -16.5% 3977 15.3%
    14 UNC – Charlotte $50,609 -8.2% -23.9% 5294 18.2%
    15 Appalachian State $45,630 -26.8% -31.4% 4246 28.6%
    16 UNC – Wilmington $44,854 -13.2% -32.6% 3189 11.7%
    17 Western Carolina $44,383 -11.3% -33.3% 2375 18.1%

  6. packof81 01/18/2013 at 10:05 AM #

    Woodson is exactly the right guy at the right time. We definitely want to hang onto him. He may well prove to be the best chancellor NCSU ever had. He totally gets it.

    Oblinger was a disaster, as was Monteith. Monteith did a great job as EE dept head and he was a good engineering school dean but not a good chancellor.

  7. packof81 01/18/2013 at 10:19 AM #

    ADVENTUROO said, “The State of NC spends almost TWICE as much on a UNC Degree($115376) than they do for a STATE Degree ($59,408)”

    It’s surprising that there’s no more mention of this spending disparity in the media than this slideshow in the triangle biz journal. It certainly begs questions. Perhaps some of the newly elected Republican state legislators would find this information interesting. >:^]

  8. tractor57 01/18/2013 at 10:26 AM #

    There is little doubt Woodson has been worth every penny he has earned and I support the efforts to keep him a NCSU. First removed the graft culture and installing a culture based on results be that in academics or athletics.

  9. WolftownVA81 01/18/2013 at 11:45 AM #

    Agree. Worth every penny. Glad to see we at least can pay the minimum required of a top tier institution.

  10. blpack 01/18/2013 at 12:47 PM #

    After a couple of poor chancellors mentioned above, NCSU needed real leadership and Woodon has brought that. The change in culture is fanastic. Money well spent it would seem.

  11. 61Packer 01/18/2013 at 1:04 PM #

    I’m as far from being a liberal as Pluto is from the sun, but I’m sick of seeing the big salaries of public school administrators continuing to grow and grow, even during tough times, while the rest of the state work force stagnates. No one was any happier to see a different party assume political control here, but honestly, the fat pay raises given to big bureaucrats by bigger bureaucrats makes me sick.

    The political tradition of “Do as I say, not as I do” lives on.

    I’m very happy we have Dr. Woodson, don’t get me wrong, but at half a million plus perks? This is on the taxpayer dime.

    I don’t plan to stop contributing to the WPC or stop buying season tickets, but when is enough enough?

    I retired from the State of NC and it took me 34 years to earn my retirement, which barely pays the bills, let alone pays for extra playtoys.

    I understand where those of you are coming from when you say that Dr. Woodson is worth every dollar, but please remember that he’s being paid his salary and retirement from taxpayer funds. We’re not Duke here; we’re a public institution.

  12. Wufpacker 01/18/2013 at 1:55 PM #

    That’s great news and he’s very deserving. And I agree with the rest….he’s a bargain at that price considering the leadership he provides IMHO.

  13. highstick 01/18/2013 at 3:27 PM #

    I posted this in the forums last week. Key point not mentioned above is that the Holes will be scampering to make sure their new guy gets more money.

    This is embarrassing to them that the State guy is making more money!

    From the DTH

  14. sequoyah 01/18/2013 at 8:05 PM #

    NC State is so good at doing more with less, but we don’t need to lose a Chancellor like this by being the lowest payer in the market.

    from the N&O article: “…the $495,000 salary was “slightly above the established minimum” of the salary range of peer universities nationally, which is $492,800 to $616,000.”

    A strong leader, who didn’t come in owing a 1000 & 1 favors to folks in the NC good ol boy network, is exactly what we need…it is a built-in deterrent to having the Mary Easleys of this state dumped on us.

  15. sequoyah 01/18/2013 at 8:06 PM #

    ^ sorry, I didn’t notice the same salary quote in the blog.

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