” University of Akron President Luis Proenza received an $85,000 performance payment this month. The board of trustees rewarded Proenza with the increase bringing his total income from UA to $464,495 after the current payment and a $25,000 payment in January.”
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University of Akron President Luis Proenza received an $85,000 performance payment this month.

The board of trustees rewarded Proenza with the increase bringing his total income from UA to $464,495 after the current payment and a $25,000 payment in January.

Trustee President Phillip Kaufmann told the Akron Beacon Journal that the board thinks Proenza’s performance is good and that he does many great things.

We look at retention rates, SAT scores, Kaufmann told the Akron Beacon Journal. When we looked at all the criteria and what’s happened, you have a feeling that things are going well.

Kaufmann also said that he preferred to call the awards performance payments as opposed to bonuses because they are a part of his contract.

According to the Chronicle of Higher Education Proenza’s total compensation for the 2007-2008 year was $513,900 with a base salary of $354,495.

While his base salary remained the same amount he has received two performance payments so far this year.

The first was to the amount, of $25,000 in January, and then, most recently, the $85,000 payment.

Both of these payments are stated in his employment contract with the university.

In addition to his pay, he is provided with housing and automobile.

Proenza is provided with a house that the University of Akron foundation owns, while Proenza’s car is leased by the university for him; yearly costs for the vehicle are $12,260 and are paid for by the university.

In addition to these benefits, he also receives a retirement pay that put him at the second highest retirement pay in 2007-08 according to the Chronicle for Higher Education.

Proenza was unavailable to comment on the matter at press time.

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