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New bonuses approved for UW leaders, pushing UW-Madison chancellor pay past $1 million

The University of Wisconsin-Madison chancellor will earn more than $1 million by the end of this coming school year.

The UW Board of Regents created a retention bonus system for its chancellors in a closed-door meeting Monday with no public discussion or vote. The board also approved pay boosts for eight of the 13 chancellors to bring their compensation closer to peer universities.