New UM System President talks finances in Columbia

1 year 7 months 2 weeks ago Thursday, December 01 2016 Dec 1, 2016 Thursday, December 01, 2016 1:05:00 PM CST December 01, 2016 in Top Stories
By: Lauren Barnas, KOMU 8 Reporter
loading

COLUMBIA - University of Missouri leaders introduced the incoming University of Missouri System president as an academic, rather than a businessman, in his debut appearance on the university's flagship campus in Columbia Thursday.

But president-designate Dr. Mun Choi still hopes to provide the economic guidance and support for students after last year's budget shortfalls and racial protests. Choi follows Tim Wolfe, who came to the president's position after a career as a business executive.

"I asked that they choose someone with high integrity, high energy, and high intellect, and I think they got all three," MU Interim Chancellor Dr. Hank Foley said.

Choi said economic development is a top priority, with students' needs always coming first.

"We are the economic engine that brings in not only workforce training, but also companies to remain in the state of Missouri because of the graduates we provide," Choi said.

Choi recently accepted a $530,000 contract as system president, which is about $50,000 more than ousted President Tim Wolfe's base pay. An MU spokesperson said the difference accounts for performance payouts from other, previous contracts like Wolfe's. He said this is because performance payouts are not part of Choi's contract.

The pay increase raised eyebrows in November as the university continues to carry out job cuts and a hiring freeze to make up for millions of lost dollars. When asked about the contract, Choi defended his salary along with his commitment to the university.

"Because it is a competitive salary, I did not want to include in there performance guarantees because I'm being paid to perform," Choi said. "I don't need additional incentive to be able to perform."

Former MU Student Body President Payton Head was vocal during Concerned Student 1950 protests last fall. Head shook hands with Choi at the event and said he's excited to finally start looking ahead.

"All of this progress has to continue going," Head said. "Yes we have one step put in place, which is getting a system president, but now the work begins, and I'm pretty sure Dr. Choi is committed to that."

Head added, "I'm here to be a support system and I know all the people in this room are here to be a support system as well."

Former Chancellor R. Bowin Loftin and newly elected state Senator Caleb Rowden (R-Missouri) also attended.

 

 

More News

Grid
List
BRANSON - The death toll of the tragic duck boat accident has totaled 17 on Friday. It was announced... More >>
16 minutes ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 6:57:00 PM CDT July 20, 2018 in News
COLUMBIA - The Columbia Police Department will move into a new neighborhood over the next few weeks. In July,... More >>
32 minutes ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 6:41:00 PM CDT July 20, 2018 in News
CALLAWAY COUNTY - A Steedman man was sentenced to 12 years in prison after pleading guilty to charges of domestic... More >>
1 hour ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 5:22:00 PM CDT July 20, 2018 in News
ST. JOSEPH (AP) — A Missouri man has pleaded guilty in the fatal beating of his 77-year-old grandmother while he... More >>
3 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 3:59:00 PM CDT July 20, 2018 in Continuous News
(CNN) -- The FBI is in possession of a recording between President Donald Trump and his former personal attorney Michael... More >>
3 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 3:38:16 PM CDT July 20, 2018 in Continuous News
JEFFERSON CITY – House Minority Leader Gail McCann Beatty will resign from the Missouri House of Representatives effective Sunday in... More >>
6 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 12:57:00 PM CDT July 20, 2018 in Top Stories
COLE COUNTY — The Cole County Sheriff’s Department responded to possible weapons violation on Thursday night. When the officers... More >>
7 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 11:47:00 AM CDT July 20, 2018 in Top Stories
(AP) - President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs and... More >>
10 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 8:52:00 AM CDT July 20, 2018 in News
BRANSON - A press conference was held Friday morning following Thursday's fatal boat capsizing at Table Rock Lake. As... More >>
11 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 7:23:00 AM CDT July 20, 2018 in News
BRANSON (AP) — The Latest on a deadly tourist boat accident in Missouri (all times local): 6:45 p.m. ... More >>
11 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 7:16:00 AM CDT July 20, 2018 in News
BRANSON - The recent boat incident that killed 11 and injured seven in Branson isn't the first time Ride the... More >>
17 hours ago Friday, July 20 2018 Jul 20, 2018 Friday, July 20, 2018 2:06:00 AM CDT July 20, 2018 in News
COLUMBIA - Thursday evening around 9:00 pm, two cars collided head-on at the intersection of Worley St. and W. Boulevard.... More >>
19 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 11:14:00 PM CDT July 19, 2018 in News
KANSAS CITY (AP) — A southern Missouri sheriff and a subordinate with whom he was having a romantic relationship have... More >>
20 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 10:46:00 PM CDT July 19, 2018 in News
COLUMBIA - The City of Columbia confirmed Friday the household hazardous waste collection is cancelled. The waste collection was... More >>
20 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 10:16:00 PM CDT July 19, 2018 in News
(CNN) -- More illnesses have been reported across the United States in two separate cyclospora outbreaks, federal health officials said... More >>
21 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 9:31:35 PM CDT July 19, 2018 in News
(CNN) -- Gun-rights activists have reached a settlement with the government that... More >>
22 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 8:57:04 PM CDT July 19, 2018 in News
COLUMBIA - The Loop CID met with the Planning and Zoning Committee Thursday night to discuss future plans for Business... More >>
23 hours ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 7:46:00 PM CDT July 19, 2018 in News
DES MOINES, Iowa - Pella Regional Health Center spokeswoman Billie Rhamy confirmed Thursday evening injuries were minor and all patients... More >>
1 day ago Thursday, July 19 2018 Jul 19, 2018 Thursday, July 19, 2018 6:49:00 PM CDT July 19, 2018 in Continuous News
Columbia, MO
Broken Clouds 85°
8pm 86°
9pm 82°
10pm 79°
11pm 76°