Iowa regents OK cuts to university budgets, presidential compensation – Sioux City Journal

The board approved the following compensation changes for the presidents of its universities:

• University of Iowa President Bruce Harreld will take a 50-percent cut to his $590,000 base pay for the rest of the budget year, a one-time savings of $270,416;

• Iowa State University President Wendy Wintersteen will take a one-year 10-percent cut to her $590,000 base pay, amounting to $59,000;

• And University of Northern Iowa President Mark Nook will shave $42,110 from his $357,110 base pay through the end of the budget year — while also cutting his annual deferred compensation payments from $100,000 to $50,000 through June 30, 2022.

Harreld and Wintersteen also have deferred compensation plans scheduled through 2023 — paying out $2.33 million to Harreld and more than $1 million to Wintersteen. They have not announced making changes to those plans.

The board also Wednesday agreed to establish a new deferred compensation plan for its executive director, Mark Braun, that makes annual contributions of $145,000 through June 30, 2022. Richards noted Braun voluntarily took a 16.5 percent pay cut.

Administrators across the campus’ athletics departments also have taken pay cuts — including high-profile football, basketball and wrestling coaches Kirk Ferentz, Fran McCaffery, Lisa Bluder and Tom Brands at the UI.

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