McPherson lowest paid president in Big Ten
MSU President M. Peter McPherson has the lowest base salary of any president in a public Big Ten school for 2003-04, but university officials say it's because he refuses to accept market-value pay. McPherson receives $216,000 in base salary plus $69,100 in annual deferred pay given to him at a time decided by top administrators. In comparison, McPherson's salary is only 45 percent of the University of Michigan's President Mary Sue Coleman, who tops the rankings in the Big Ten with a base salary of $475,000. MSU Trustee David Porteous said he recognizes that McPherson is underpaid, but a high salary isn't a main concern for McPherson. "The board was willing to put him in a range that would make him more competitive," Porteous said.