Navy Adm. William McRaven, right, the next chancellor of the University of Texas System, makes brief statements to the Texas Board of Regents, Thursday, Aug. 21, 2014, in Austin, Texas. McRaven starts... more 
Navy Adm. William McRaven, right, the next chancellor of the University of Texas System, makes brief statements to the Texas Board of Regents, Thursday, Aug. 21, 2014, in Austin, Texas. McRaven starts in January; System officials say he will make $1.2 million a year. (AP Photo/Eric Gay) less 
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Associated Press | Photo By Eric Gay
Thu, Aug 21, 2014 2:30 PM EDT