UT Regents name Cigarroa as chancellor finalist.

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UT Regents name Cigarroa as chancellor finalist.

by Associated Press , December 22, 2008

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Mark Yudof left the chancellor job in June to head up the University of California system. Regents have not announced what the new chancellor's salary will be. Interim Chancellor Kenneth Shine receives annual compensation of $700,000.

Regents were scheduled to continue meeting later Thursday and Friday at a resort outside Austin. The $15,000 retreat drew fire as lavish and wasteful from an association that represents some of the 3,800 people losing their jobs at the UT Medical Branch in Galveston, officials said.

But UT officials said the ``Presidents' Retreat'' at the Hyatt Regency Lost Pines Resort near Bastrop was scheduled months ago and will be paid from interest on privately donated money.

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