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UNC-Chapel Hill to compensate Folt $520K, benefits

Carol Folt, the incoming chancellor of the country's oldest public university will enjoy several benefits beyond her $520,000 annual salary when she moves from the Ivy League to North Carolina this summer. She must live in a Chapel Hill home provided by the university, with utilities, housekeeping, maintenance and grounds-keeping paid. Folt also is entitled to a car, health insurance, retirement benefits and leave. (WRAL.com)

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