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Sep 27, 2013 8:19 PM

ASU, U of A presidents to get performance bonuses

PHOENIX (AP) - The Arizona Board of Regents has approved performance-incentive bonuses for the presidents of Arizona State University and the University of Arizona.

ASU President Michael Crow and UofA President Ann Weaver Hart will each receive $40,000 for their work in the 2012-13 school year.

They both have the potential to earn up to $260,000 in total bonuses over a three-year span.

To reach those totals, the presidents will need to meet a series of aggressive goals including increasing student-retention rates, the number of bachelor's degrees and research funding.

They also have to develop and implement initiatives such as a strategic plan for improving the state's health care.

The Arizona Republic reports that state regents have used limited bonuses in the past, but not in such high amounts.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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