Dive Summary:

• The University of Texas System will adopt an incentive-pay system for the heads of the system's nine universities and six health centers following the approval of a proposal Wednesday by the finance committee of the system's Board of Trustees.
• Under the plan, the system's chancellor will be required to meet with each individual administrator (including 11 system administrators) eligible for the incentive plan, develop three or four areas with specific outcomes on which that official's performance will be evaluated on a one-year or three-year timeline, and send those goals to the board for approval.
• The performance pay proposal is a result of the system's "Framework For Advancing Excellence"--a plan to improve accountability, outcomes and efficency--proposed by Chancellor Francisco Cigarroa and adopted last year by a unanimous decision from the board.

From the article:

Improving four-year graduation rates is a major strategic goal for University of Texas at Austin President William Powers over the next few years, and he's also likely to have money riding on it. The finance committee of the University of Texas System's Board of Trustees approved a proposal Wednesday to adopt an incentive-pay system for the heads of the system's nine universities and six health centers, as well as 11 system administrators. ...