RALEIGH, N.C. (AP) -A retired Duke University financial executive has surpassed Mike Krzyzewski as the highest-paid person by the school – for one year, anyway.
The Associated Press on Tuesday obtained Duke’s most recent IRS documents for the fiscal year that ended June 30, 2009.
Krzyzewski made nearly $4.2 million in 2008-09 with a base salary of nearly $2 million. The Hall of Famer annually ranks as the highest-paid employee at the school, which has a longstanding policy of not discussing contracts or compensation.
The filings indicate Duke paid Eugene McDonald a lump-sum deferred compensation payment of $5.5 million that accrued during 23 years.
McDonald retired nearly 10 years ago after creating and heading Duke Management Co., the school’s endowment investment office.
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