October 6, 2024

Next Ohio State president Ted Carter will make millions in pay and job perks

Ohio State University’s next president stands to make millions of dollars during his time in office. Walter “Ted” Carter Jr. was named Ohio State’s 17th president Tuesday afternoon by the university’s board of trustees. Carter, who comes to Ohio State from the University of Nebraska system, will start his five-year term as president Jan. 1 and he will earn an annual base salary of $1.1 million. But Carter will also earn at least hundreds of thousands of dollars in other benefits, retirement pay and additional, nonfinancial perks, according to a copy of an offer letter given to Carter by the university’s board of trustees. Altogether, the various payments and perks add up to more than $2 million a year in pay and benefits for the soon-to-be Buckeye. Here is a breakdown of what Carter will make while president of Ohio State and what’s expected of him in terms of job…

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