October 21st, 2014
The Corvallis Gazette-Times reports that Ray's annual salary goes from just over $485,000 to $528,739.
Board Chairwoman Pat Reser cited Ray's performance in recommending the increase.
Ray has led Oregon State since 2003. It was his first raise in two years.
Roughly 56 percent of the president's salary is paid by the university, with the rest coming from private fundraising.
The independent board of trustees took over supervision of OSU from the Oregon State Board of Higher Education on July 1.