ST. PAUL—The leader of Minnesota’s largest higher education system will get $507,000 in annual salary and benefits when his new contract starts Aug. 1.<\/p>\n
Minnesota State trustees Wednesday approved a three-year contract for Devinder Malhotra, who has been interim chancellor since August.<\/p>\n
Trustees made Malhotra the permanent successor to the retired Steven Rosenstone this month after agreeing that a second national search did not produce the right candidate.<\/p>\n
Malhotra, 70, had been plucked out of retirement after serving as St. Cloud State University provost and later interim president of Metropolitan State University. He is getting $408,000 in salary and benefits this year as interim chancellor.<\/p>\n
Starting in August, Malhotra will get a $390,000 salary plus $117,000 in yearly benefits — $48,000 for housing, $27,000 for transportation, $12,000 for professional development and a $30,000 supplemental allowance.<\/p>\n
That beats the $491,160 that Rosenstone made in the final year of his contract.<\/p>\n
Malhotra also will get a big reward if he completes his three-year term: a lump sum payment worth three months’ salary (at least $97,500) and a two-year appointment as a distinguished senior fellow for academic affairs at half his chancellor salary (at least $390,000 over two years).<\/p>\n
Rosenstone’s last contract gave him six months’ worth of severance pay and benefits.<\/p>\n
If trustees fire Malhotra without cause before his term ends in July 2021, he’ll get six months’ pay.<\/p>\n
Malhotra said Wednesday that he’s been “humbled by the outpouring of support” from those within the system of 30 two-year colleges and seven universities and from the community at large.<\/p>\n
He pledged to provide campuses with the data tools to improve student outcomes and to demand innovation through the system.<\/p>\n
“This kind of thinking needs to permeate everywhere in our organization. We need to encourage risk-taking, learn from our failures and incorporate risk assessment and management in all our strategies,” he said.<\/p>\n
University of Minnesota President Eric Kaler has a $626,450 salary plus use of the Eastcliff mansion and retirement contributions worth $225,000 next year and $325,000 in 2020, the last year of his contract.<\/p>\n","protected":false},"excerpt":{"rendered":"
ST. PAUL—The leader of Minnesota’s largest higher education system will get $507,000 in annual salary and benefits when his new contract starts Aug. 1. Minnesota State trustees Wednesday approved a three-year contract for Devinder Malhotra, who has been interim chancellor since August. Trustees made Malhotra the permanent successor to the retired Steven Rosenstone this month […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-31654","post","type-post","status-publish","format-link","hentry","category-uncategorized","post_format-post-format-link"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts\/31654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/comments?post=31654"}],"version-history":[{"count":1,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts\/31654\/revisions"}],"predecessor-version":[{"id":31655,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts\/31654\/revisions\/31655"}],"wp:attachment":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/media?parent=31654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/categories?post=31654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/tags?post=31654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}