Texas Endowment CEO to Get at Least $2 Million in First Year
- Britt Harris’s compensation includes $550,000 signing bonus
- Utimco will pay for his golf membership at university course
The University of Texas at Austin, in Austin, Texas, on Sept. 11, 2012.
Photographer: Greg Stohr/BloombergThis article is for subscribers only.
The University of Texas Investment Management Co. will pay its new Chief Executive Officer Thomas Britton “Britt” Harris at least $2 million in his first year.
Harris, 59, will receive a base salary of $750,000, a minimum bonus of the same amount and a $550,000 signing bonus, according to the employment agreement dated June 15 and provided to Bloomberg on Tuesday. Harris, who starts Aug. 1, said in an email that the compensation package is a “market rate for similarly sized university endowments.”