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Penn president gets 35% percent pay raise to $2.8M

PHILADELPHIA (AP) - The University of Pennsylvania's president, Amy Gutmann, is now the school's highest-paid employee after a 35 percent increase in compensation in the 2012-13 fiscal year.

The Philadelphia Inquirer reported Thursday (http://bit.ly/Z8YYFP ) that Gutmann was paid $2.82 million in overall compensation.

The compensation details were included in new tax filings.

Robert Muller, the CEO of Penn's health system, was the second-highest paid school employee at $2.37 million.

Last year, Gutmann was the sixth-highest-paid private university president in the nation and second-highest-paid Ivy League president, behind only Lee Bollinger of Columbia University. That's according to the Chronicle of Higher Education.

The year before, Gutmann received a 43 percent boost in pay. The 64-year-old Gutmann took the job in 2004 and has a contract through 2019

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Information from: The Philadelphia Inquirer,

http://www.inquirer.com