Aug 10, 2011

UNM's Presidential "Search" Fee Will Cost $130,000

KOB TV - It is going to cost more than a quarter of a million dollars for UNM to find a new president. The university said the new price is actually $40,000 less than the last time they searched for a president in 2006.
Officials said they were able to negotiate the search firm's fee, reducing it from around $195,000 to $130,000. The fee is the most expensive part of the search. UNM President David Schmidly announced back in April he will not renew his contract when it expires in June of 2012.

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