It's Official: UNC Won't Use Private Funds To Boost Chancellors' Pay
Posted July 9, 2004
RALEIGH, N.C. — In a unanimous vote, the Board of Governors ruled that the University of North Carolina system will not use private funds to help pay chancellors' salaries.
The Board of Governors voted Friday to keep the current policy, which prohibits using private donations to supplement salaries.
After North Carolina State University Chancellor Marye Anne Fox left for a higher-paying job, members of N.C. State's Board of Trustees wanted to use private money to up the ante to find her replacement.