We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Frank’s base salary this year will be $450,000 annually, with $25,000 step increases set for 2015 and 2016. The new contract, effective Jan. 1, runs through the end of 2017.
“Tony Frank is truly a rising star on the national higher education stage,” Board Chairman Joe Zimlich said in a statement. “He has an ambitious vision for CSU, and we wanted to demonstrate to Tony that the CSU System and Board fully support that vision.”
Frank served as CSU interim president when former president Larry Penley left in November 2008. Frank was formally hired in June 2009 for a five-year term at $350,000 per year with an annual car and housing allowance of $42,000.