Two Indiana college presidents will see their bottom lines improve this fall as their universities boost their annual salaries by more than 10 percent.
The Herald-Times of Bloomington said Indiana University President Michael A. McRobbie will receive a 12-percent pay increase for the 2011-2012 academic year. That will bring his salary to more than $533,000.
The Star Press in Muncie said Ball State University trustees have approved a 10-percent increase for President Jo Ann Gora. The $39,204 pay hike will bring her base salary to about $431,000.
IU spokesman Mark Land says McRobbie's current pay rate puts him in the middle of the Big Ten.
Gora's raise is about four times the increase budgeted for other staff. Trustees President Hollis Hughes said her performance in tough economic times warrants the raise.