The University of Wisconsin System Board of Regents approved chancellor pay raises and bonuses for student retention in a closed session meeting Monday.
The new compensation plan will see UW-Madison Chancellor Jennifer Mnookin’s current $811,512 annual salary increased to $892,663. She will also receive a philanthropic bonus of $150,000 for staying at UW-Madison through mid-2025 and $50,000 for each year she stays afterward until June 2029.