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Following criticism, university system eliminates bonuses for chancellor

Following criticism, university system eliminates bonuses for chancellor

The state university system will no longer award bonuses to the system chancellor or campus presidents, a policy change announced Thursday following criticism of a $75,000 bonus awarded this year to Chancellor Robert Caret.

Caret, who took over leadership of the 12-campus University System of Maryland last summer, was granted the bonus and a $30,000 raise during a closed-door meeting of the Board of Regents in Cambridge in June. The raise and bonus were added to his base salary of $600,000.

James Brady, the board's chairman, told state lawmakers during a Thursday hearing in Annapolis that Caret's contract would be restructured to comply with the new policy. None of the...

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