Imagine your salary just going up by nearly half. Penn State's President, Neeli Bendapudi, is getting that.

Its board voted 34-1 to adjust her compensation package last week.

Bendapudi's base salary will increase from $950,000 a year to $1.4 million. She will receive an automatic 3.5% increase annually until 2032.

Bendapudi's completion/retention payment will increase to $525,000 a year from fiscal year 2025 to fiscal year 2032.

Her supplemental retirement plan will also go up to $650,000 from $555,000.

Bendapudi's annual performance bonus will be set at up to 15% of her base pay, on the condition that she meets "mutually approved goals."

The increase makes Bendapudi the second-highest-paid public university president in the country.

In base pay, she's behind Jay Hartzell, the presi

See Full Page