Treasury's salary–cap mandate could affect Machen
By CHELSEA KEENAN | Feb. 11, 2009UF President Bernie Machen's salary may be lowered if the U.S. Treasury Department extends its new guidelines to university presidents. On Feb. 4, the department tried to cap top executives' salaries at some companies to $500,000 in order to ameliorate the nation's financial crisis, according to a Chronicle of Higher Education article released last week.