COLLEGE
12/17/2012 04:18 pm ET Updated Feb 16, 2013

Purdue Trims President's Pay, Breaks New Ground For Executive Compensation

WEST LAFAYETTE, Ind. - The Purdue University Board of Trustees on Saturday (Dec. 15) approved an employment contract for incoming president Mitchell E. Daniels Jr. that lowers the base pay and includes performance bonuses based on critical goals such as increased graduation rates and affordability.

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