UK Trustees Vote to Give President Raise & Bonus

By: Associated Press
By: Associated Press

LEXINGTON, Ky. (AP) -- University of Kentucky's board of trustees has voted to give President Eli Capilouto a two-year contract extension, a 5 percent raise and a $50,000 performance bonus.

Capilouto said he wanted to talk to his family about a potential contract extension. The Lexington Herald-Leader also reported Capilouto said he would return the bonus to the university.

Capilouto received a largely positive evaluation last month. Board Chairman Britt Brockman said Tuesday the board believes Capilouto is the right person leading UK and should receive more incentive if economic circumstances were different.

Capilouto's previous base salary was $500,000, and it increases to $525,000 for the current fiscal year. He didn't receive a raise or bonus last year because of the uncertain fiscal climate.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
WBKO 2727 Russellville Road Bowling Green, KY 42101-3976 Phone: 270-781-1313 After Hours Hotline: 270-781-6397 Fax: 270-781-1814
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 223208221 -
Gray Television, Inc.