uCalgary discloses new president's salary

July 19, 2010

Promising more transparency under the leadership of Elizabeth Cannon, the University of Calgary's board of governors has posted the new president's contract online. On July 1, Cannon succeeded Harvey Weingarten, whose contract -- including a $4.75-million pension that was not finalized for 7 years -- was subject to a scathing reprimand from the former Alberta auditor general. Cannon's contract was signed March 23 and later posted on uCalgary's wesbite, in a sign the institution is taking measures to avoid the fiasco surrounding the management of Weingartern's financials. According to her contract, Cannon will receive a base salary of $430,000 this year, and is eligible for up to $86,000 in performance bonuses. Calgary Herald | Read the contract