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VCU’s Rao gets new contract

College president’s annual package will be about $800,000

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Posted: Tuesday, December 18, 2012 12:00 am | Updated: 5:42 pm, Tue Jul 22, 2014.

Virginia Commonwealth University has increased President Michael Rao’s deferred compensation and other benefits in a new contract that will bring his total annual package to about $800,000.

The board of visitors also approved $50,000 in incentive pay for Rao for his performance in the 2011-12 academic year.

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