LSU’s new president, Wade Rousse, is stepping into his new role with a compensation package that could top $2 million a year thanks to more than $1 million in performance and revenue-based incentives tied to university growth and state funding outcomes, The Center Square writes.
Per his contract, Rousse will earn a $750,000 base salary and can earn up to $210,000 per year if certain university-related performance measures are met. He can receive another $415,000 per year in “revenue-related incentives,” such as increased federal appropriations or donations.
The LSU Board of Supervisors also OK’d several other incentives tied to state funding measures. If LSU secures a contract with Louisiana Economic Development valued at more than $5 million, Rousse will receive an extra $25,000, and he can receive additional bonuses if he brings in more funding from the state Legislature.
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