Excerpt from the Dayton Daily News
The Wright State board of trustees met on July 23 to evaluate president Cheryl Schrader’s first year in office.
The board met with Schrader in a closed-door executive session in the Wright Brothers Room of the WSU student union. Schrader’s evaluation was the only thing on the agenda but board chairman Doug Fecher said the board would not take any action at the meeting.
The evaluation is a “typical process,” Fecher said and while board members are “very happy” with Schrader’s first year at the school they’ll also offer suggestions for improvement.
Schrader will be evaluated annually while serving as Wright State’s president and the board may give her a raise “if merited,” her contract states. Schrader’s base pay is $425,000 and she is eligible for a 25 percent bonus of $106,250 annually, according to her contract.
Schrader took office on July 1, 2017, after signing a five-year contract in March 2017. The contract includes a possible two-year extension, according to a copy of it provided by the university.
Schrader received $54,000 in deferred compensation over her first year. She and her family were also able to receive up to $42,500 to relocate to Dayton from Rolla, Missouri, according to her contract.
Schrader’s receives $36,000 annually for housing and a $12,000 allowance for her car, gas and car insurance, according to her contract. The university has also offered to reimburse her up to $10,000 for a country club membership.
