Regents raise McCormick's salary

Citing President Richard L. McCormick’s “continued exceptional performance,” the University of Washington Board of Regents increased his annual salary, his first raise in two years, by 8.7 percent to $247,776.

The board also voted at its September meeting to increase the annual contribution to the deferred compensation account to $50,000, effective June 2000. The account was established in 1996 as an incentive to keep McCormick at the UW.

“In the four years at the university, Dick has done much to change the face of the uniersity and to encourage the entire campus community to embrace an agenda for progress and change,” said Board President Cindy Zehnder. “That he was able, working collaboratively with the faculty leadership, to successfully change the way the university approaches the issue of faculty rewards and responsibilities, is but one example of the postiive outcomes that result from his style of leadership. It is very impressive.”

Board Vice President William H. Gates described McCormick as “an innovative and creative thinker.

“He has a knack for developing strategies that engage people in the life of the university with a sense of excitement about what the university is doing.”

McCormick did not receive a raise last year because he and the regents agreed that he would forgo any salary increase since faculty and staff were not receiving significant raises. ¶